Bitcoin analysis sees $89K short squeeze with S&P 500 2% from all-time high

Bitcoin fielded new predictions of a short squeeze as price kept up pressure on key resistance at $88,000, while US stocks went higher.

Bitcoin (BTC) hovered near $87,000 at the Wednesday Wall Street open as analysts eyed short liquidations.

Key points:

Bitcoin liquidity conditions analysis predicts a return toward $90,000 next.

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