Bitcoinist
2020-09-07 02:03:18

Why a Historically Accurate Analyst Thinks It’s Unwise to Short Bitcoin Now

Bitcoin has crashed 20% in the past four days as bears have finally begun to sell the cryptocurrency after a notable rally. BTC now trades for $10,300 after hitting a local low of $9,800. Analysts remain optimistic about BTC’s prospects. One historically accurate trader says that right now isn’t the time to be bearish or short Bitcoin. He cites BTC’s macro chart, which suggests that the coin is sitting on a notable level of support. […]

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