While it is claimed that short positions in Bitcoin have been weakening since the beginning of the year, it was implied that the daily chart gives bullish signs.
Yann Allemann, co-founder of on-chain analytics platform Glassnode 22 May Posted on his official social media account on in the shipmentin Bitcoin at the beginning of the year since sales by buyers stable reception as a result of short positions is gradually decreasing stated.
Against this 50 days Bitcoin price average 200 days price average that you got on notable co-founder, the explosion of the priceIt’s a matter of time,” he said. In technical analysis circles Golden Cross called and 50 days price average 200 days price average with the cut formed your signal your price to the direction about Trustworthy One signal It was noted that.
In his post on the subject, Alleman used the following statements:
Shorts are running out after numerous failed attempts to break below the 200-day moving average, which is a solid support. The 50-day price average exceeded the 200-day price average. The explosion is imminent.
On the other hand, Alleman shared in the chart, happened in the past similar in scenarios to 693% arriving value gains it happened by emphasizing a possible upwards in one move substantial profits can be made implied.
Experts, recently Bitcoin 7 days end of consolidated price range 3 years reached its lowest levels and has recently high volatility reminding his post that price movements can be expected upside down hard One of the rally probability of happening high noted that.
