A lot of shortsellers are now heavily in the red given they traded on the margins to "short" - the net result should mean more bulls left in the market to push us up through the resistance levels
RE: Bitcoin (BTC) Evening Update: What next?
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Bitcoin (BTC) Evening Update: What next?
Hopefully we can get through it then the biggest resistance at about $11k
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Bitcoin has touched the sensitive point at $6,700 and rebounded. Pending buy orders scattered from $6,900 to $7,500 might be one of contributing factors that accelerated this rally.
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