I am currently short, but I don't think we will get below 6,000 in 2020. I think Bitcoin will remain weak until mid-January, then it could go up again.
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I am currently short, but I don't think we will get below 6,000 in 2020. I think Bitcoin will remain weak until mid-January, then it could go up again.
What platform are you shorting through?
Bitmex
Monthly EMA40 is slightly below 6000 USD currently, so it would require someone to find a serious bug in Bitcoin for it to crash a lot below 6000 USD... Other option is very unlikely, but some malicious trader with enough coins would need to cash out a lot of coins.
Yea, given the overall backdrop for bitcoin right now, being short doesn't sound very exciting to me.