Bitcoin shorts keep burning as BTC price seeks to hold $27K

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Bitcoin shorts keep burning as BTC price seeks to hold $27K
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Bitcoin needs to reclaim $27,200 as support next after BTC price holds overnight gains.

meanwhile revealed the extent of shorts getting squeezed, with liquidations reaching $22 million on Sep. 28 — the largest single-day tally in ten days.Continuing, the popular pseudonymous trader and analyst known as Moustache on social media eyed a key support reclaim in the making.Coming in the form of the 20-month simple moving average , this, he argued, could have longer-term consequences beyond the intraday BTC price trend.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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