Bitcoin, the leading cryptocurrency, has faced considerable volatility recently. As it hovers around $55,190, the focus is shifting to the $56,000 price mark. This level could play a critical role in determining the next major move for Bitcoinâs price.
The Concept of a Short Squeeze
A short squeeze happens when the price of an asset rises sharply, forcing investors who have bet against it (short sellers) to buy back their positions to avoid further losses.·
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