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The short-term momentum for Bitcoin continues to be down, said Andrei Stanciulescu, founder of Sublime Traders.
Stanciulescu, also known as Logicalorange by his followers, discussed with David Lin, anchor of Kitco News, the key price levels he is watching for a break to either the downside, or up.
Medium term, $80,000 could very likely be seen by the end of the year, he said.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
0:00 – Bitcoin price key levels
11:43 – Bitcoin’s main drivers
19:55 – Bitcoin’s upside target
21:39 – Cryptos as form of payment
22:55 – Sublime token
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