Bitcoin Futures
- Chart should speak for itself
- Demand is beginning to soften
- 5970-8000 is still a wide and loose base that is broad for a potential bottom
The bulls of Bitcoin- BTC should hold this if there is any reason to believe the 6,000+ levels have any staying power.
If this fails to settle a bottom we can begin to probe the depths for other buying opportunities. Ever since the futures contract was created there has been so much trouble for this type of trading instrument, and in our opinion it has to do with the ability to sell this short.
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