The ongoing US-Iran tensions have caused a stir in global markets, but surprisingly, Bitcoin and US stocks have remained resilient. The S&P 500 is currently facing a 'short squeeze' scenario, where short sellers scramble to cover their positions, which could lead to a significant price increase.
According to analysis, Bitcoin's price action is expected to outperform equities in the near future. This could be a good sign for BTC holders, especially if the US stock market experiences a short squeeze.
The current prices are: BTC 66,056 USDT and ETH 1,942 USDT. Will this 'short squeeze' scenario boost the price of Bitcoin even further? #Binance #Trading
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NFA · DYOR · Not financial advice