Today news
About the same in other media
Bitcoin price seesaws beneath $60K as anticipation builds for fresh BTC 'short squeeze'
Reading now: 690
Bitcoin (BTC) chopped and changed on Nov. 18 but held a critical support level to preserve the chance of new all-time highs.
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged between $59,000 and $60,000 Thursday, seeing $1,000 swings in minutes.
With the pair’s overall range becoming ever narrower, talk turned to a potential “short squeeze” entering to push spot price to new, higher levels.
"Based on the Futures Markt structure, the funding rate and OI momentum trends are forming a perfect setting for a 'Short-Squeeze' scenario," one contributor to on-chain analytics firm CryptoQuant argued Wednesday.
A similar event occurred at the end of September when Bitcoin suddenly surged into a week of almost unchecked
Read more on cointelegraph.comAbout this in other media
One more Bitcoin price dip? BTC may fall again before 'slow grind up,' warns analyst cointelegraph.com /2 years ago
Ethereum acts as a 'hedge' in Bitcoin price crash as ETH/BTC hits 3-year high cointelegraph.com /2 years ago
Bitcoin could 'consolidate until 2022' after mass wipeout sends BTC price to $41K cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
