The Bitcoin price had begun the week with a green streak after suffering days of consecutive downturns. This turn into the green territory has reignited positive sentiment toward the cryptocurrency, suggesting that the bearish trend could be coming to an end.
This move will also be propelled by short liquidations and Fear of Missing Out (FOMO). The former will be a strong motivator since buys will have to be made to settle the liquidated short positions. As the buys become higher, so will the price.
