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Bitcoin Shorts Near Monthly High and it Could Trigger a Major Price Movement

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Bitcoin shorts have increased significantly in recent weeks to a monthly high, an indicator that may suggest a decline in the confidence of investors in the dominant cryptocurrency. Shorts remain an unconvincing indicator of the sentiment in the cryptocurrency market because the take of analysts on the impact of short contracts on the price of Bitcoin differs quite regularly. Speaking to CCN, cryptocurrency technical analyst and trader “Hsaka” said that shorts do not necessarily reflect the sentiment of investors in the market. Short Squeeze a Possibility For Bitcoin? Generally, in most markets, investors associate shorts with a negative connotation because

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* First published on ccn.com

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