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Bitcoin Stuck in a Rut as BofA Survey Reveals ‘Long Dollar” is Most Favored Trade

Coincidentally, bitcoin’s previous bull markets have peaked in December, paving the way for a price crash in the first quarter. And while the 2018 bear market ran out of steam in the last month of that year, bulls remained on the fence in the first three months of 2019 – a seasonally bullish period for the dollar.