BITCOIN update with COT REPORT

in #bitcoin5 years ago

By updating the latest data on Bitcoin we can see how short traders have increased slightly exceeding Long ones (Graph 1).
Despite the open interest rates, the exchange rate of contracts is slightly negative (Graph 2).
We see on the price chart the formation of an inversion candle which could lead the price to a possible retest of the dynamic support at around 6247.48. We'll see if the support holds to continue the upward trend.

btc.png

Grafico BItcoin 07 04.png