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[cryptobitnews]

Be Short After $10.3K Bitcoin Price ‘Head Fake,’ Veteran Trader Warns

Be Short After $10.3K Bitcoin Price ‘Head Fake,’ Veteran Trader Warns

Bitcoin (BTC) hitting highs of $10,300 this week isn’t a breakout and investors should brace for losses, renowned analyst John Bollinger has warned.

In a tweet on June 2, the Bollinger Bands indicator creator said that the largest cryptocurrency’s brief trip to three-month highs was an anomaly.

Bollinger to traders: be cautious or short

According to charts showing Bollinger band behavior for…

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[cryptobitnews]

Bitcoin Price Rebounds but CME Gap & $10.3K Remain Big Obstacles

Bitcoin Price Rebounds but CME Gap & $10.3K Remain Big Obstacles

Compared to the price action of the previous two weeks, this weekend has been relatively relaxed for Bitcoin (BTC) traders. On Saturday the price came within $10 of $10,000 before pulling back to $9,794 and at the time of writing the price continues to meet resistance at $9,900.

Crypto market daily price chart. Source: Coin360

On the 6-hour timeframe, the volume profile visible range (VPVR)…

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