Get Bitcoin Short Term PNG. Jul 13, 2021 · in brief bitcoin is trading in a range between $31,300 and $40,550. Current shorts feel like a proper reset for a later continuation of the bull cycle.
I am expecting moves to the upside when the bitfinex whales are going to send it. It is currently facing some resistance around the $32,000 level and must get above it to gain some bullish momentum. Why is bitcoin going up?
There are about 3 times as many longs as there are shorts.
There are about 3 times as many longs as there are shorts. There are about 3 times as many longs as there are shorts. Right now, we can see that bitcoin is struggling to break this resistance. In the 2018 bear market, the 3.1 ratio has been the top, in the bull market, this ratio has been the bottom.