Here’s why Bitcoin price is struggling to win back $ 38,000
After bouncing from the recent short-term low, the (BTC) price posted a 15% gain over three days as it rose from $ 32,400 to $ 37,200. This was an impressive move given that the price of BTC had been trading in a sideways range for weeks and regardless of the reasons behind the rise, one would expect large traders and arbitrage desks to follow the trend of Bitcoin prices and Ether USD on Bitstamp. Source: Relationship between long and short of BTC of the main Digital Assets DataExchange operators. Source: Bybt.com Continue reading on Coin Telegraph
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