Bitcoin Breaks $90K Barrier: Potential for Massive Short Squeeze

Bitcoin (BTC) surged past the $84,500 mark on April 17th, with bullish momentum re-emerging after last week’s volatility. Traders are eyeing a potential breakout to $90,000, potentially triggering a liquidation of over $7 billion in short positions, according to Coinvo data. Bitcoin has rebounded from an early dip below $80,000 in April. Weekly gains stand at 3.41% and daily gains are 0.53%.