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 Bitcoin counts down to $100K BTC price as shorts risk 'violent breakout' Cointelegraph 22 Th11 2024

Bitcoin counts down to $100K BTC price as shorts risk 'violent breakout' 🚀

Bitcoin is seemingly on a path to reach the $100,000 milestone, driven by the disappearance of sell-walls and the powerful momentum in BTC price. The market dynamics suggest a potential "squeeze" on short positions, which could lead to a "violent breakout."

This movement in Bitcoin's price is characterized by a positive market sentiment as traders anticipate the price surge. As sell pressures wane, buying interest continues to drive the upward trend, edging Bitcoin closer to the coveted six-figure mark.

The factors contributing to this potential price leap include optimism among investors and temporary easing of Bitcoin's usual price fluctuations. Market participants are watching closely as Bitcoin nears this critical psychological level.

Nguồn: cointelegraph.com ↗