Bitcoin longs soar despite weak US macroeconomic data: Is $82K BTC next?
Data shows Bitcoin traders cutting short positions and going long despite concerning US macroeconomic data emerging. Is a rally toward $82,000 next?
Key takeaways:
Bitcoin (BTC) flirted with $78,000 on Thursday but failed to sustain its bullish momentum after a disappointing outlook from US retailer Walmart and growing signs of a more restrictive US monetary policy. Despite weakening macroeconomic conditions, professional Bitcoin traders increased their bullish exposure. Is a rally to $82,000 the next step?
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