Bitcoin Price Soars to New 2023 High, Liquidating Shorts and Building Momentum to Surpass Previous All-Time High
• BTC price surged over the weekend, hitting new 2023 highs around $39,700 and building momentum from previous days • The price spike seemingly liquidated around $60M in shorts, catching some traders off guard • Unlike usual behavior, BTC did not "fill the gap" between spot price and Friday's CME futures close of $39,225 • Some argue Bitcoin has entered an "all the way up" mode, breaking out of downward channel in place since November 2021 peak • Popular analyst BitQuant predicts BTC will top previous all-time high around $69K before next halving in April 2024