Posted 10/16/2023, 8:40:08 AM
Bitcoin Price Rallies Above $27K on Short Squeezes and Return of Bullish Sentiment
- BTC price sees short squeezes propel it above $27,000 as optimism returns among traders
- Macro focus shifts to geopolitics with rising risk of "World War III" between US and China
- GBTC discount to spot BTC price closes in on 2-year lows amid ETF hopes
- Bitcoin mining difficulty forecast to hit new all-time high in imminent readjustment
- October remains precarious for BTC returns as rangebound chop continues into second half
