Bitcoin price must take $26K, trader says after ‘textbook short squeeze’
Bitcoin shorts start to suffer thanks to a $1,000 BTC price relief rally, but key resistance remains in place.
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Bitcoin shorts start to suffer thanks to a $1,000 BTC price relief rally, but key resistance remains in place.
Bitcoin sits in the shade as the GBTC share price creeps ever closer to 1:1 against the BTC price.
BTC price weakness shows as Bitcoin analysts debate the likelihood of a return toward $20,000.
BTC price performance may be weathering a storm not seen since COVID-19 sparked a 60% drawdown three-and-a-half years ago.
BTC price centers on the 200-week exponential moving average, while analysts warn that Bitcoin and risk assets are in danger from a surging dollar.
BTC price action reflects a tug-of-war between weak bulls and bears, but Bitcoin breaking down is firmly on the cards.
Bitcoin SLRV Ratio data performs a moving average crossover absent since before the FTX implosion hit the market.
Bitcoin price is range-bound but several major altcoins such as XRP are showing signs of a potential breakdown.
Bitcoin’s failed breakout to the upside shows that the range-bound action could continue for some time but that may not hinder the bullish possibilities in TON, LINK, MKR, and XTZ.
Bitcoin reckons with $26,000 with BTC price action at a crucial decision point heading into the first week of September.