Bitcoin’s $87,000 rally just flipped from short squeeze to long risk
Bitcoin’s newly confirmed bull market is already showing signs that the rally powering it may be losing momentum. Last week, the top digital asset climbed to an eight-month high near $87,400 after reclaiming a long-term technical threshold that CryptoQuant says marked the start of a fresh bullish phase. Its Bitcoin Bull Score Index has since […] The post Bitcoin’s $87,000 rally just flipped from short squeeze to long risk appeared first on CryptoSlate.
Key Takeaways
- Bitcoin’s newly confirmed bull market is already showing signs that the rally powering it may be losing momentum.
- Last week, the top digital asset climbed to an eight-month high near $87,400 after reclaiming a long-term technical threshold that CryptoQuant says marked the start of a fresh bullish phase.
- Its Bitcoin Bull Score Index has since […] The post Bitcoin’s $87,000 rally just flipped from short squeeze to long risk appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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