10X Research: Potential short squeeze has recently pushed bitcoin prices higher, and may be at risk in September
2024-08-28 02:28:28
On August 28th, 10x Research said in its latest analysis that the recent bitcoin market rally was strategic, with $65,000 critical to paper profits. As expected, FOMC meeting notes and Powell's dovish stance fueled the bitcoin rally, with a potential short squeeze pushing up the bitcoin price. However, despite its forecast of a 10% gain, those gains have now been fully reversed, and as September approaches, significant risks are beginning to emerge.
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