(BTCThe ) increased above $42,000 in March 19, but bulls still face strong competition from bears at higher levels.
Although Bitcoin’s price has recovered from $37,578 on March 13, Cointelegraph market analyst Marcel Pechman highlighted that the long-to-short net ratio of top traders across three major exchanges shows that Professional traders don’t buy aggressively.
Daily view of crypto market data. Source:Coin360Daily chart of BTC/USDT Source: TradingViewBTC/USDT 4-hour chart. TradingViewDaily chart of LUNA/USDT Source: TradingViewLUNA/USDT 4-hour chart. Source: TradingViewChart of the AVAX/USDT every day. TradingViewAVAX/USDT 4-hour chart. Source: TradingViewChart of the ETC/USDT every day. TradingViewETC/USDT 4-hour chart. TradingViewDaily chart of EGLD/USDT TradingViewEGLD/USDT 4-hour chart. TradingView
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