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.

Read more

...

Read full story at Cointelegraph >