Bitcoin Is Misbehaving

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For weekend reading, while commenting on bitcoin, Louis Navellier offers the following commentary: Q3 2021 hedge fund letters, conferences and more Since I wrote in the past that bitcoin was acting better than the Ark Innovation Fund, despite their strong correlation, the cryptocurrency decided to prove me wrong and begin consolidating below its 200-day moving average. It has done that before and still managed to come back. The problem is that half the retail investors that hold bitcoin bought it during the past year, and many of those are underwater. If they bought it just because it was goin…

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