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What Traders Are Saying About Bitcoin’s Biggest Monthly Loss in 11 Years

Others such as Chris Terry of lending platform SmartFi say they expect bitcoin to trade in a fairly narrow range in the short term. “The feeling of the trading desk is that if bitcoin stays in the $18,000 to $20,000 [range], it’s going to be a long drawn out, and we could be in this trading range now for weeks,” he said.