Bitcoin Hits $78,000 As 46 Days Of Short Positions Face Potential Short Squeeze
Bitcoin ( CRYPTO: BTC ) is up 5% after breaking above the descending trendline that defined the entire bear trend from $128,000, setting up short-squeeze conditions. The last time this squeeze happened was November to December 2022 during the FTX collapse.
https://www.benzinga.com/crypto/cryptocurrency/26/04/51887693/bitcoin-hits-78000-as-46-days-of-short-positions-face-potential-short-squeeze