Crypto Markets Today BTC Pressures 120K as Traders Brace for Potential Short Squeeze

Bitcoin (BTC) is continuing to chip away at a key level of resistance at $120,000 as it sets its sights on fresh record highs.
Bearish traders are attempting to defend the area, increasing short positions, but this could fuel the fire and create an impetus to the upside, otherwise known as a short squeeze.
The altcoin market is also performing well, grinding higher despite a relative lack of volatility compared to previous moves the the upside.
By Oliver Knight