Bitcoin price must take $26K, trader says after ‘textbook short squeeze’

Bitcoin (BTC) rebounded off three-month lows on Sept. 12 as traders voiced suspicion over BTC price behavior.

BTC/USD 1-hour chart. Source: TradingView

Bitcoin shorts feel heat as BTC price adds $1,000

Data from Cointelegraph Markets Pro and TradingView followed a snap return to levels seen after the weekly close on BTC/USD.

Bitcoin had seen immediate weakness on the previous day’s Wall Street open, briefly dipping below $25,000 to cap its worst performance since mid-June.

The subsequent…

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