BTC is in the 50% retrace area of the entire move from the January 2015 lows to recent highs, the perfect place to expect to see the beginning of serious institutional buying. Everyone who was looking on in disbelief a month ago now has a very nice opportunity to start allocating a part of their portfolio to crypto. Everything between the 50% and the 61.8% will be seen as a great buying opportunity for money that feels the need to diversify and get some crypto exposure.
I'm wondering if they're going to get smart and start picking up more STEEM and BTS too. 😄
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