Bitcoin ($BTC ) continues its powerful growth, liquidating short positions totaling $589,600 within the range of $95,203 — $95,346.
📊 What happened?
Powerful upward surge: BTC swiftly surpassed key resistance levels, causing the liquidation of large short positions.
Short squeezes: The liquidation of such large positions intensified the upward momentum, pushing BTC's price to new heights.
📈 Market impact:
Growth acceleration: Liquidations at such amounts create additional pressure on the market, contributing to the continuation of the bullish trend.
Change of sentiment: Mass liquidation of short positions can trigger a shift to a bullish sentiment, leading to an increase in purchases.
🔮 What to expect next?
BTC is on its way to new highs, with resistance levels around $95,500 and $96,000. Stay tuned for developments — a prolonged bullish momentum is possible! 🚀