Bitcoin (BTC) has climbed from around $60,000 to the high $70,000s over the past week, marking a 26.81% increase, explained analyst Ali Charts on his X (formerly Twitter) account on the 22nd. He points out that this movement resembles the rebound patterns observed at the end of the last two bear markets.
According to him, such sharp rises often start with a short squeeze, where forced liquidation of short positions drives up prices...
