Bitcoin Price Analysis Oct.3: BitFinex Short Positions Are At 10-Day High

Bitcoin Price Analysis Oct.3: BitFinex Short Positions Are At 10-Day High

A quick update, following yesterday’s price analysis: Bitcoin is getting further from extracting the bullish triangle. The bear scenario is looking more and more realistic as Bitcoin broke the 50/200 moving averages tight range, and found support around $6400 (as of writing this update).

Now what?

Bitcoin Prices: BTC/USD BitFinex 4 Hours chart

Cryptocurrency charts by TradingView. Technical analysis tools by Coinigy.

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

Loading...
No comments yet, be the first to comment this article