n nn nn Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range TR. After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TRFigure 1 BTC-USD, 1-Day Candles, Macro TRAs shown in the figure above, the market has interacted several times at the current price range and it has been a source of three major bullish rallie

Source and More information: Bitcoin Price Analysis High Shorts Count Could Signal Price Hike

Author: CryptScout.com