Connect with us

ICOs/Crowdsales

Institutional Bitcoin Traders Think That the Top Is In; Factors to Consider

Published

on

Bitcoin’s price has been flashing signs of overt weakness throughout the past several days and weeks
The cryptocurrency is now rapidly approaching its critical support at $9,000
The buying pressure here appears to have been degrading over the past several days and weeks
Institutional investors and professional traders on the CME appear to believe that the Bitcoin top is in, as most have flipped short on the benchmark digital asset
This comes as a bear-favoring trendline begins guiding BTC’s price lower.

Bitcoin and the aggregated cryptocurrency market appear to be in a precarious position at the moment.
Last week, BTC ...

Read More

Continue Reading

Latest

Companies