Bitcoin [BTC] kicked off the second week of September with bullish momentum, defying bearish expectations and closing above $57K. However, the rally was short-lived, with BTC trading at $56,407 at the time of writing.

Surprisingly, the drop followed a surge in long positions, raising speculation of a short-squeeze-driven hype. As anticipated, longs outperformed shorts, remaining confident in an impending reversal.

BTC bulls resist bearish pressure, but the next dip may hold the key to renewed bullish momentum. The cryptocurrency market is closely watching for any signs of a potential 'bull run' that could propel Bitcoin to new heights.

Source: https://ambcrypto.com/btc-at-56k-heres-what-can-trigger-btcs-next-bull-run/

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