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Triangular Tragedy: Interest Bitcoin Ebbs As It Heads For 6k

Published 06/24/2018, 01:23 AM
Updated 07/09/2023, 06:31 AM

Six thousand dollars. That’s the only figure the entire crypto world has to keep in mind. Break it, Bitcoin, and it’s the end of the world. You can practically hear the snare drums in the background.

Bitcoin (BTC) Performance Chart

If you want a real-life example of what happens when support breaks, look no farther than LiteCoin, which has already met this fate.

LTC/USD Price Action Chart

Of course, the entire crypto space is *SO* six months ago. In my entire life, I have never received so many well-intended emails from friends and readers encouraging me to ditch stocks forever and hop on board the crypto train. I came within a hair’s breadth of doing so, but I didn’t. Just look at Google Trends to see how “over” the world is with respect to crypto:

Google Trends: Bitcoin

Of course, I know EXACTLY how this feels:

Google Trends: Short Selling

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