HomeUncategorizedBitcoin reaches ‘short squeeze’ trigger zone as BTC price nears $20.4K By Cointelegraph

Bitcoin reaches ‘short squeeze’ trigger zone as BTC price nears $20.4K By Cointelegraph

August 30, 2022

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Bitcoin reaches ‘short squeeze’ trigger zone as BTC price nears $20.4K

(BTC) regained some lost ground at the Aug. 29 Wall Street open amid talk of an imminent short squeeze.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to near $20,400 on Bitstamp as United States equities began trading.

(DXY) 1-hour candle chart. Source: TradingView
1-hour candle chart (Binance). Source: TradingView