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$BTC They are not the same...
Those sidelined will soon start saying these three rallies are the same, but they clearly aren't.
The two previous rallies left most of the lows unswept, making participants believe higher prices were coming before quickly reversing the entire move.
This rally came after more than two months of ranging, leaving most participants sidelined and waiting for lower prices, while liquidating $6B in shorts on the move up.
This time, the move won't be reversed.
This is re-accumulation before another expansion.