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RE: Is Bitcoin Getting Back its MOJO?
You might be right about the short-squeeze. On Monday, just after the first rally up to $3800, a lot of shorts were taken on Bitfinex. I think some of those shorts were squeezed during the second rally to $3900 on Monday night.
This evening will be telling. As the Koreans and Japanese wake up we could start seeing some fireworks.
Yep. We're already within $25 of $4200. If this really continues towards the end of the week, I wouldn't be surprised if we see some more professional FUD from China. The PBoC has timed every one of their "statements" on cryptos during a rally!!