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“On one aspect, the bulls are ready for additional indicators for the Bitcoin ETF SEC resolution in August and positioning for the 2024 halving,” Adrian Wang, CEO of Metalpha, advised CoinDesk. “On the opposite aspect, loads of profit-takings can happen when the spot is above 30k, whereas the bears are positioning for one more potential drop earlier than 2024 halving, just like what occurred in 2019.”
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