Pro: Bitcoin’s rally could continue with a short squeeze - BitcoinEthereumNews.com
BitcoinPro: Bitcoins rally could continue with a short squeeze06 / 21 / 2022बिटकॉइन एथेरियम समाचार Bitcoins recovery since the crash to lows of $17,600 has seen it climb above $20,000. The rebound comes as stocks also see some sustained upside following a recent rout, with the S&P 500 and Nasdaq posting consecutive wining sessions. But what next for Bitcoin given the widespread weakness in the market, and the fact that investors lost a staggering $7.3 billion in just three days of the sell-off last week？ n क्या आप फास्ट-न्यूज, हॉट-टिप्स और बाजार विश्लेषण की तलाश कर रहे हैं？n n Invezz न्यूज़लेटर के लिए आज ही साइन-अप करें।n n Bitcoin could rebound above $23k According to Marcus Sotiriou, an analyst at the UK-based digital asset broker GlobalBlock, the key area to watch is currently near $21,300. He says this zone now represents a new resistance level that bulls will need to turn into support to help boost fresh upside moves. उन्होंने बताया इंवेज़्ज़ in an emailed note: If Bitcoin can overcome this level, then the next target of $23,500 could be reached as shorts get squeezed. He also added that the bounce from below $20k could continue given the futures funding market outlook. He pointed to the “futures funding