Bitcoin downtrend accelerates, but traders eye short liquidity at $100K
Bitcoin struggles to hold the $90,000 support, and while charts angle toward further price downside, traders have turned their attention to the short liquidity at $98,000 to $100,000.
Key takeaway:
Bitcoin charts forecast further downside, but traders remain hopeful that a short squeeze to $98,000 will reverse the bearish trend.
Bitcoin (BTC) has been trending down alongside the broader crypto market since Nov. 3, dropping to a six-month low of $88,267 on Thursday. With key economic data expected on Thursday and Friday, markets could see volatile price swings toward key BTC price levels over the next few days.