This morning, BTC-USD pushed a new all-time high on several exchanges. However, this time, the momentum to continue higher seems to be waning. Shortly after establishing the new all-time high, there was a $150 flash crash that sprang a series of account liquidations across several exchanges in a move that would ultimately long squeeze the market. A long squeeze is a term used to describe the sudden cascade of long positions getting stopped out of their positions, causing market orders to prop

Source and More information: Bitcoin Price Analysis Long and Short Squeezes Shape a Weakening All-Time High

Author: CryptScout.com