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RIOT – Potential Rebound at the White Trendline

I think RIOT is approaching an important support level here, the white trendline at $9.48. I would look for a bullish rebound off this white trendline, which would allow RIOT to continue trading sideways within a range. I think there should be concerns about how BTC miners will perform after the BTC halving since the BTC supply will be extremely scarce.

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