#forecast 017 : Tripping the power cord
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Dear subscribers,
Welcome to The Bitcoin Forecast #017.
Since my last letter, price reached an all-time-high above $64k with heightened speculation in long positions. Speculators then sold the price down as the Bitcoin network suffered a loss of hash rate as a result of power outages feeding many of the miners located in China. This ended in $4.9b in lon…