PARAGRAPHThis was the largest amount of short liquidations since May Bitcoin short squeeze price surge comes after a number of large, financial services institutions have announced major crypto initiatives, brightening a mood grown sour in recent weeks from increasing U.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. This signals a weakening downward trend, hinting at the possibility of a market rebound as the downward momentum loses steam. Despite discussions surrounding a "bearish flag" pattern, prevailing market conditions appear to dampen its probability, at least for the time being. Mon - Wed, March 18 - 20, Despite the optimism surrounding Jupiter's performance, technical indicators suggest a bearish trend characterized by dropping value areas and downward-sloping EMAs.
