Key Takeaways
- Bitcoin has claimed $40,000 as support, generating a short squeeze.
- More than $180 million worth of short positions were liquidated as prices rose.
- With shorts liquidated, BTC could climb to $47,600.
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Bitcoin has sliced through a crucial resistance level that was preventing it from achieving its upside potential.
Bitcoin is Breaking Out
Bitcoin looks ready to rally.
Doubters have been trying to short the asset in recent weeks, but prices continue to…
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