Bitcoin Edges Near September Highs Amid Stacked Short Positions
Bitcoin approached $86,300, nearing its September closing high. Analysts suggest a concentration of leveraged short positions near $90,000 could fuel a significant upward move if the cryptocurrency breaks through.
Bitcoin (BTC) edged near $86,300 on Monday, still below its highest close in September, while analysts pointed to a concentration of leveraged short positions near $90,000 that could set up a sharper move if the cryptocurrency breaks higher. The apex cryptocurrency had reached around $8…