Anyone who believes that BTC will go straight to a new low from resistance at $3500 should keep a close eye on the very high amount of short interest that is in play.
At this point we will likely see $3800 or 12% gains before a renewed crash and making a new lows. Another possibility is an extended horizontal move as shorts cover gradually.
At this point we will likely see $3800 or 12% gains before a renewed crash and making a new lows. Another possibility is an extended horizontal move as shorts cover gradually.
