HomeUncategorizedBitcoin short squeeze ‘not over’ as BTC price eyes 17% weekly gains By Cointelegraph

Bitcoin short squeeze ‘not over’ as BTC price eyes 17% weekly gains By Cointelegraph

September 12, 2022

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Bitcoin short squeeze ‘not over’ as BTC price eyes 17% weekly gains

(BTC) stayed higher into the Sep. 10 weekly close as optimistic forecasts favored $23,000 next.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $21,730 on Bitstamp overnight — the most since Aug. 26.

BTC/USD order book data (Binance). Source: Material Indicators/ Twitter (NYSE:)
BTC/USD 1-week candle chart (Bitstamp). Source: TradingView
U.S. inflation vs. S&P 500 annotated chart. Source: Henrik Zeberg/ Twitter