Bitcoin ($96,062) remains stuck under $100K, but traders eye a possible short squeeze to $102K. Here’s what’s driving the market:
Short Squeeze Potential: Liquidity hints at a breakout after Bitcoin’s month-long consolidation below $100K.
Fed Minutes Impact: Markets await US inflation insights, adding uncertainty.
Exchange Flows Bearish: Rising exchange inflows signal a possible downtrend ahead.
Investor Confidence: Strong BTC demand continues despite price stagnation.
Unrealized Profits: Data suggests a bull market top may be approaching soon.
Bitcoin remains in a tight range after its mid-January all-time highs, with $100K acting as a key resistance level.
Source: Cointelegraph
