Fundamental Development:- 126% return for stock market short-sellers who smelled blood in crypto waters
Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector "held a candle” to the block chain industry, with crypto company short-sellers profits up 126% in 2022, according new data., technology and data analytics firm S3 Partners published a video summarizing its recent report, which found that overall, U.S. equity short-sellers are up on average more than 30% for the year.
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $21,000-$20,200 ranges.BTC is made low 20,180 and now consolidating within a range. Yesterday it made high near $22,950 and then it continue to decline. Bitcoin is struggling to gain momentum above $21,000
Alternative Scenario: If Bitcoin fails to clear the $21,000 resistance zone, it could start another decline. An immediate support on the downside is near the $20,200 level.
Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector "held a candle” to the block chain industry, with crypto company short-sellers profits up 126% in 2022, according new data., technology and data analytics firm S3 Partners published a video summarizing its recent report, which found that overall, U.S. equity short-sellers are up on average more than 30% for the year.
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $21,000-$20,200 ranges.BTC is made low 20,180 and now consolidating within a range. Yesterday it made high near $22,950 and then it continue to decline. Bitcoin is struggling to gain momentum above $21,000
Alternative Scenario: If Bitcoin fails to clear the $21,000 resistance zone, it could start another decline. An immediate support on the downside is near the $20,200 level.