‘Say hi to Uptober’ — Bitcoin price surges above $47K in minutes, liquidating...
October already feels like a different planet to September for traders as abrupt upside sees resistance levels fall like dominoes. Bitcoin (BTC) shot to nearly $48,000 during Oct. 1 as a classic “short squeeze” liquidated over $270 million of crypto positions in under an hour.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“Goodbye bears”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $47,800 on Bitstamp, jumping $3,000 in minutes.A familiar setup for traders, the upward volatility followed signs that a BTC price recovery was already on the way....
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