-
Bitcoin price looks to head higher as Santa Claus rally could start at any minute - analyst
Bitcoin (BTC) bulls are fighting to hold on to support at $35,300 after the top crypto hit a 2023 high just below $36,000 on Tuesday, in a move that many analysts have called a “short squeeze.” The move higher came as open interest (OI) in Bitcoin futures surpassed $15 billion, prompting technical analysts to warn that volatility was about to spike, with many worrying that BTC’s price would sink lower in the aftermath. “Yup, there was a significant rise in OI overnight - it seems to be more of the same - shorts aping into passive bids here at the local lows,” said market analyst CrediBULL Crypto. “We have ... (full story)