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IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.
The alt coins had really ruined it for bitcoins. Now all the crypto investment is scattered among all the coins and bitcoins is suffering because of this. We should have a limited number of coins so that more people are benefited.
