Market Gets Cozy With Bitcoin? Why BTC Is Set For A Short Squeeze<\/title>\n<meta name=\"description\" content=\"Trading at $48,747 with a 1.1% profit in the past day, Bitcoin remains rangebound with potential for a short squezee, here is why.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/market-gets-cozy-with-bitcoin-trapped-why-btc-is-gearing-up-for-a-short-squeeze\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Gets Cozy With Bitcoin? 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Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. 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{"id":479579,"date":"2021-12-22T18:00:34","date_gmt":"2021-12-22T18:00:34","guid":{"rendered":"https:\/\/wncen.com\/?p=479579"},"modified":"2024-06-11T06:48:18","modified_gmt":"2024-06-11T06:48:18","slug":"market-gets-cozy-with-bitcoin-trapped-why-btc-is-gearing-up-for-a-short-squeeze","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/market-gets-cozy-with-bitcoin-trapped-why-btc-is-gearing-up-for-a-short-squeeze\/","title":{"rendered":"Market Gets Cozy With Bitcoin Trapped? Why BTC Is Gearing Up For A Short Squeeze"},"content":{"rendered":"

Trading at $48,747 with a 1.1% profit in the past day, Bitcoin remains rangebound. The first crypto by market cap has been unable to break from the $45,500 to $49,500 channel in the last 7-days, but a combination of factors could increase volatility soon.<\/p>\n