Why Bitcoin Price Is Going Up Today?

Why Bitcoin Price Is Going Up Today ?

Bitcoin has reached a 6-month high, with prices surpassing $24.2k for the first time since August 14th, 2022.

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The price increase may be the result of a short squeeze, which has historically led to higher prices.

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As per the data from Coinglass, the total shorts liquidations for Bitcoin over the last 24 hours have surged to $85 million.

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On-chain data indicates bullish control and suggests that today's price surge is not a dead cat bounce.

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