The post Shorts and Longs Pile Up as Bitcoin Still Remains Stuck Around $43,000: Do Exchanges Want More Funds? appeared first on Coinpedia Fintech News
The market participants remained bewildered as the star crypto, Bitcoin, is not able to flash clear signals. The BTC price is stuck within a range for nearly a week and with less action, the traders appear to have made a move to new tokens, shifting their focus away from Bitcoin. On the other hand, the other cryptos in the top 10 like Ethereum, Binance Coin, XRP, etc have sustained above their threshold suggesting the markets may be outpowered by altcoins in a short while from now.
What’s next? How long will the BTC price maintain a range-bound consolidation?
Typically, an extended consolidation produces aggressive price action in the direction of the volume induced. Currently, buying volume appears to have increased, but it may not result in a healthy upswing because it is below the required levels. As a result, it appears that b
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