Bitcoin Analysis: Short Squeeze Looms at $89,000 as S&P 500 Hits New Highs

Bitcoin hovered near $87,000 on Wednesday morning as analysts closely watched for short liquidations. Liquidity conditions suggest a potential return to around $90,000 in the coming days, with traders awaiting significant price shifts. 📈 Bitcoin’s range-bound movements saw trading activity concentrated in anticipation of either direction – some betting heavily on a surge while others wait to see what happens next.