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With risk appetite high, now is not the time to buy.
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You can easily tell if the coin is bullish by checking the volume.
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A trader's view with tmg after an incredibly volatile week, bitcoin heads into the weekend with great uncertainty over the price. He started out with an initial purchase of 2.5 bitcoins in 2013, when the token was trading around $100. If you see more thick green candles, the coin is bullish, and the price may increase soon. Last month the currency reached an all time high at about $206, and is currently holding steady in the $100 range. Investors should consider a 4% allocation of bitcoin to their portfolios, meltem demirors.
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