Bitcoin Price Analysis: High Shorts Count Could Signal Price Hike51.21

Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:

Figure 1: BTC-USD, 1-Day Candles, Macro TR

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