Bitcoin is above $34,000 again and heading towards above $35,000. This has just happened after it went as low as $29,000 on the 20th of July 2021. Could Jack Dorsey announcement that bitcoin will become a very useful on twitter usage be as a result of this upward price movement. Should we see bitcoin trading above $34,000 in the coming days or will it fall below $33,000 again.
On binance exchange,bitcoin future has a 24 hour trading volume of over $12 billion. Out of this trading volume, is the long positions being more than the short positions. Will the two position affect the way bitcoin will move in the coming days. According to our opinion, there is possibility of the price to continue trading above $34,000 if the short positions will continue being more than the long positions.