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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

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Source: Coin Telegraph

Bitcoin hitting $100,000 seems all but certain as sell wall after sell wall disappears and shorts risk getting “squeezed” by rampant BTC price momentum.

Bitcoin (BTC) came within 1% of $100,000 on Nov. 22 with bulls “chewing away” at final sell orders.

BTC/USD 1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView confirmed the latest new BTC price all-time highs near $99,500 on Bitstamp.

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Author: William Suberg

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