After a much anticipated short squeeze took place, BTC witnessed an 8.7% price gain propelling the coin past the $20,000 mark.
showed BTC/USD adding as much as $2,700 in hours on the day, reaching its highest since Aug. 26.
After weeks of ranging punctuated with successive moves to the downside, Bitcoin thus finally gave bulls what they wanted. For popular trading Twitter account Il Capo of Crypto, the upside still had potential to continue at the time of writing, with BTC price action eyeing $21,000.
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