Bitcoin may climb toward $90,000 as short positions face squeeze, though traders caution rising leverage
Bitcoin’s price action has entered a new phase, breaking through the $86,000 barrier and sparking speculation that the cryptocurrency could soon test the $90,000 level. This momentum is largely being driven by a classic market mechanic known as a short squeeze, where traders who have bet against the asset are forced to cover their positions as prices rise, adding further buying pressure. While th…
Sept. 21, 2026, 8:39 p.m.