Bitcoin CoT report data shows shorts are still in the lead but only just
|- Asset manger data shows shorts are in the lead 196 vs 163.
- The net change for asset managers showed shorts increase by 7 contracts and longs were cut by 1 contract.
- Leveraged funds stats show shorts heavily in the lead 3,454 vs 764.
- The change was very close at -1,057 to -1,010 in favour of shorts.
Bitcoin has pushed slightly higher on Friday but the pair (BTC/USD) is not out of the woods just yet as 9,182.08 is the resistance level that is curently holding firm.
The current price in the spot market is 9,130.00 and the price is 0.63% higher on the session. The daily chart still looks bearish and this could still be considered a retracement.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.