Things Are Heating Up – $100M of Shorts Liquidated, and Here Comes Bitcoin Price Back Above $41K

Is this the end of the "Disbelief" phase preceding a Bullish rally?

It's funny how fast things can go one way or the other in the Bitcoin market. Yesterday, I wrote that Bitcoin was still facing resistance at $38.5K, and that the situation could lead us to a drop to the $30K-$33K area in the short term if this resistance was not broken through quickly.

And then we saw a liquidation of short positions, in the range of $10…