Bitcoin from 116 kc
Key points
Bitcoin traders are looking for price resistance at $116,000 from the decision to enter the $116,000 interest zone and this week's US-China trade.
Pro BTC Price Ratios to BTC Price Ratios to BTC Price Ratios are distributed when retail volume investors exit the holes.
Bitcoin (BTC) price is up 13% since its peak, but the technical charts indicate that it needs to be locked in the bullish trend.
The information from Trdr is that the sellers are above $116,000, and the Carinoble position (COINBAISE position) and $117,000 (BININS PASPS) orders.
As shown in the order book chart in the lower left corner, futures traders have short liquidated calls against $49,000 USD within 12 hours of resistance.
Although the bulls are pushing above $116,000, there are some positives on the data side. International exchange open interest from (2011) level below the level of $ 11 to $ 31.48 billion US dollars.
Spot Billicon ETFs have had net inflows of $100.23 million over the past three trading sessions, and have been in the past few days after dropping below $108,000.
From Buddle's data, a wide range of payment investors (from 1 million to 10 million) dresses as retail investors (small order size, 1,000 to 10,000) to sell invoices, to sell dresses, to sell rips, and to sell the diplomas.
At the moment, the overall order of Hibs (set up to 10% depth) is the question test
From the point of view of the market, some investors can reduce the exposure with the interesting days of Wednesday Famc, which will know the decision of the US Federal Reserve on interest rates.
The joint is expected to cut the amount of the hatch on the basis of 25, traders adjust their positions before the new announcements, which are a regular occurrence in the CREPTO market.
RELATED: Biccon prices analysis of CMM GIP filling 116 kg
The movement of waiting for movements in the swing farmers, when some traders get out of the press, and when they move on the contrary, the short increase in the short is deployed as an opportunity to avoid the liquid down.
Such results can be seen in the table below, with clusters extending from $112,000 to $113,000.
Wednesday hives will generate a mass effect, the general risk event is the day that President Donald Trump will meet with Chinese President Xi. If the talks break down for some reason or the market does not consider the business to be suitable for the US and world markets, a negative recovery can be felt equally on Crypto.
Until the end of this week's FAMC and US-China trade, the price of Bitcoin seems to continue with support at $116,000 and $110,000 respectively.
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.
