Hi traders.
With the added short pressure the traders who are buying Bitcoin have no money left, price is going to continue falling.
Leveraged long positions hit extreme levels at above $30,000 Price stays below this and traders are STUCK
Them being stuck is good for shorting, makes making a new low easier as they are already losing and need to cut positions.
Good luck world.
This article was originally published by Tradingview.com. Read the original article here.
