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Bitcoin ready to ‘vaporize’ shorts once price discovery above $110K begins

Coin Telegraph LogoCoin Telegraph11h ago

Bitcoin ready to ‘vaporize’ shorts once price discovery above $110K begins - Coin Telegraph

Quick Summary:

Bitcoin would vaporize ‘shorts’ above $107,000Bitcoin researcher Axel Adler Jr.has noted a key technical pattern in Bitcoin’s current bull cycle, pointing to three recent instances of “compression”—a period of tightening price ranges—measured by rolling maximum/minimum over 180 days.

A break above Bitcoin's all-time high of $110,000 would initiate a price discovery phase, driving BTC into an uncharted trading range with successive higher highs until market participants establish a new equilibrium between supply and demand.

Source: Cointelegraph/TradingViewWith respect to its current market trend, Bitcoin is inches away from a ‘price discovery’ period, as noted by crypto trader Jelle.

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Article Details

Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 19:05:29 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28880468

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 70 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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