Home BlockchainBitcoin Bulls Target $93.5K As Short Positions Turn Into A Magnet

Bitcoin Bulls Target $93.5K As Short Positions Turn Into A Magnet

by Vivek Kumar
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Coinbase, Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Markets, Cryptocurrency Exchange, Bitcoin Futures, Price Analysis, Market Analysis, Liquidity

Bitcoin retreated from intraday highs after the US Fed left interest rates unchanged, but futures market data suggests traders may attempt to seize the short liquidity in BTC’s $93,500 range.

Bitcoin (BTC) staged a quick rally to $90,600 on Wednesday, but the gains evaporated as the US Federal Reserve decision to forgo an interest rate cut was announced. Despite the whipsaw price action from Bitcoin, data shows traders eyeing a potential move to $93,500. One analyst said that the price level stands out…

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