Bitcoin is currently signaling a potential bullish trend, targeting levels above $70,000. This surge is driven by a short squeeze and extremely negative funding rates.
According to Crypto World analyst Josh, the bullish move is underway, although not much has changed in the past day. Bitcoin's price is currently supported above $53,000, and analysts are optimistic about its upward momentum.
The post highlights Bitcoin's resilience and the factors contributing to its recent price action, suggesting a positive outlook for investors.
