Bitcoin Price Explosion a Trap, Smart Money Awaits Pullback: Analyst18

By CCN: The parabolic bitcoin price explosion, which saw BTC surge 136 percent in 2019, is a trap, according to on-chain analyst and Adaptive Fund partner Willy Woo. The price explosion is simply a short-squeeze driven by hedge funds. Organic buyers are waiting for a healthy retracement before buying in again. “This a quant fund driven short squeeze devoid of any true investor volume… I’m awaiting this exchange driven pump to blow off, a proper retrace, and only then do I think real investor flows will come in and drive the true organic bull market.”  Bitcoin rally driven by short squeeze

The post Bitcoin Price Explosion a Trap, Smart Money Awaits Pullback: Analyst appeared first on CCN

Original source
https://www.ccn.com/bitcoin-price-explosion-a-trap-smart-money-awaits-pullback-warns-analyst

Add comment

Please Sign in to be able to leave comments.