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The long held bullish view on cryptocurrencies have largely materialized towards relevant target levels.
It is always possible that the market can extend, but we assess that the risk of a bearish reversal has now become higher than further extensions of the bull trend.
“Markets can stay irrational longer than we can stay solvent”
The general Crypto bull trend is approaching our target areas.
Current medium-term advances should complete the cyclical bull trend and be followed by a multi- month decline.
Ethereum is also experiencing a bull trend after a period of solid base building, but the long-term outlook on this market remains somewhat uncertain.
The Bitcoin bull trend is in full swing towards the stated target levels.
Interim corrections and consolidation periods are natural occurrences during an impulsive bull trend.
Current medium-term advances should complete the cyclical bull trend and be followed by a multi month decline.
Ethereum is also experiencing a bull trend after a period of solid base building.
The long term outlook on this market remains somewhat uncertain
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