Real Reason Behind Bitcoin Sudden Pump Of $1200...

This big green candle in bitcoin is because of Bitcoin futures.

Not any news, not any event, not any FOMO but only because to liquidate the positions in Bitmex.

From last three weeks, bitcoin can't break 6800$ resistance, many times it tried but at the end it failed to break.

Traders earn so much by shorting the bitcoin from 6800$ level.

But this time when people open short positions for a large amount of money from 6800$ level, it breaks it with a high force of buying. It results in liquidate all the short positions and make traders loose all money which they earn previously by shorting the bitcoin from 6800$.

You all can see the below white line which was resistance. that is 6800$.

Now i can say that you all know the reason of this pump.

Thanks for reading my post.

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