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Bitcoin price must take $26K, trader says after ‘textbook short squeeze’

Bitcoin (BTC) rebounded off three-month lows on Sept. 12 as traders voiced suspicion over BTC price behavior.BTC/USD 1-hour chart. Source: TradingViewBitcoin shorts feel heat as BTC price adds $1,000Data from Cointelegraph Markets Pro and TradingView followed a snap return to levels seen after the weekly close on BTC/USD.Bitcoin had seen

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Bitcoin price holds 200-day trend line as trader predicts low is in

Bitcoin (BTC) is retaining this week’s gains — and some traders are doubling down on their bullish BTC price bets.BTC/USD 1-hour chart with 200-day EMA. Source: TradingViewTrader: Bitcoin price may have bottomedA key moving average is buoying low-timeframe BTC price action, which continues to preserve $27,000, data from Cointelegraph Markets

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Bitcoin ‘overconfidence reigns’ but bulls must reclaim $27.8K — Trader

Bitcoin (BTC) needs to reclaim one key moving average to “regain its bullish status,” one popular analyst argues.In analysis issued to subscribers on Aug. 22, CryptoCon warned that bulls remained too optimistic over $26,000 BTC price support holding.20-week EMA as BTC price line in the sandBitcoin staged a modest recovery

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