Bitcoin has risen more than 1% since yesterday as short sellers book partial profits near the bulls’ mansion. However, this advance is not a reversal but rather an opportunity to create fresh short positions in the cryptocurrency. Bitcoin is now valued at $225.46. Image: https://www.tradingview.com/x/JGZYEAUY/
Below has been presented the latest technical considerations derived from the 240-minute BTC-USD price chart.
Bitcoin Chart Structure – After taking support from near $220-levels, Bitcoin rallied to $226.48 […]