Bitcoin did very little Friday as we continue to just trade back and forth in a relatively well-defined range. This looks suspiciously like the one before it near the $30,000 level, and I think it is probably only a matter of time before we break down. That doesn’t necessarily mean that I think we’re going to collapse right away, or even that it will be that violent. What it does mean is that I don’t have much faith in this market at the moment.

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