BTC surged about 23% in a week—now the real problem in the market has changed.
Over the past few days, $BTC quickly broke out from its prior ranging zone, once nearing $80K and setting a new high in the past few months.
This rally isn’t driven by a single factor.
A weaker US dollar, shifts in liquidity expectations, ETF funds flowing back, and the additional impact of a large number of short positions being forced to cover—all of these together fueled this rapid move higher.
But after a streak of sustained gains, what’s most worth watching now isn’t:
How much further can BTC rise?
Instead, it’s:
After the Short Squeeze #USCanadaTradeTalksCollapseCanadaVowsRetaliation
Over the past few days, $BTC quickly broke out from its prior ranging zone, once nearing $80K and setting a new high in the past few months.
This rally isn’t driven by a single factor.
A weaker US dollar, shifts in liquidity expectations, ETF funds flowing back, and the additional impact of a large number of short positions being forced to cover—all of these together fueled this rapid move higher.
But after a streak of sustained gains, what’s most worth watching now isn’t:
How much further can BTC rise?
Instead, it’s:
After the Short Squeeze #USCanadaTradeTalksCollapseCanadaVowsRetaliation
