Bitcoin is facing upward pressure as short-position liquidations in the $82,000-$86,000 range trigger short covering, Glassnode said. The on-chain analytics firm said investors betting on a decline were rushing to buy back Bitcoin as the cryptocurrency entered that price band, helping limit losses and adding to demand. Short covering refers to repurchasing an asset after betting on a price drop. Glassnode made the comments on September 21. The accompanying photo was credited to Shutterstock JH Kim.