Bitcoin Retakes $9K — 3 Technical Reasons There’s Still Room to Run

Posted by Joseph Young

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The price of Bitcoin surges above $9,000 ahead of a Goldman Sachs client call about gold and BTC.

The price of Bitcoin (BTC) surged above $9,000, demonstrating a decent recovery in the last 24 hours. Market data shows a further upsurge to the $9,300 to $9,400 range is likely in the near-term.

Three key reasons increase the probability of a minor rally: liquidation of 25x to 50x shorts are at $9,300, whales using the Goldman Sachs narrative and low funding rates in the futures market…CLICK for complete article