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Is BTC Waiting To Rip Higher?
Bitcoin prices continue to hold very tightly to 41510 support level (and longer term rising trend line) here as price remains within the large falling wedge pattern which has framed the reversal lower from all time highs. With indicators having flattened out here and price stagnating, the catalyst for further downside looks increasingly hard to find. With this in mind, the market appears to be opening itself up to a potential short-squeeze in the near term. With open interest at all time highs, but the market unable to break lower, bulls should be on the look out for a positioning clear out with a break of the 45405 ... (full story)
