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BITCOIN reaching a temporary peak?

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Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
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Bitcoin has had a great run into 2017, followed by a massive selloff. Now it looks like buying momentum is once again taking over the market but I think the market is currently is a mass consolidation.

What's your take?
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We are now trading that red band....UPDATE here:
BITCOIN: Contrary to public opinion.
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