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CoinMarketCap research head says Bitcoin’s move above $85,000 looks like a squeeze

  • Bitcoin moved above $85,000 this week.
  • $85,000 marked the level Bitcoin surpassed during the move.
  • AliceCrypto3 said positioning data indicated a squeeze, not simply a breakout.

Bitcoin rose above $85,000 this week, prompting the market to describe the move as a breakout. AliceCrypto3, head of research at CoinMarketCap, said positioning data instead appeared to indicate a squeeze. The comments leave open whether Bitcoin can continue climbing.

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