Bitcoin shorts should brace to ‘get squeezed’ as BTC price eyes $50K

Bitcoin may be consolidating after 6% daily gains, but the potential for runaway BTC price upside is there, says analysis.

Bitcoin (BTC) took a rain check on snap upside at the Feb. 9 Wall Street open as 24-hour gains hit 6%.

Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory retracing after reaching $47,700.

The move, driven by spot markets, barely stopped for breath overnight as successive Asia and United States trading sessions posed little problem for bulls.

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