'Altitude sickness can wait': Bitcoin's historic short squeeze, Bessent catalyst may signal bull-market reset, analysts say — Live Feedhttps://www.live-feeds.com/feed/altitude-sickness-can-wait-bitcoin-s-historic-short-squeeze-bessent-catalyst-may-signal-bull-market-reset-analysts-sayContinuously updated, source-cited coverage. Bitcoin Hits $80,000 as Short Squeeze Erases Three Months of Losseshttps://www.live-feeds.com/feed/altitude-sickness-can-wait-bitcoin-s-historic-short-squeeze-bessent-catalyst-may-signal-bull-market-reset-analysts-sayhttps://www.live-feeds.com/feed/altitude-sickness-can-wait-bitcoin-s-historic-short-squeeze-bessent-catalyst-may-signal-bull-market-reset-analysts-say#u50201Fri, 28 Aug 2026 00:22:06 +0000Bitcoin reached $80,000 after a rapid rally wiped out three months of losses in a single week. The surge has stalled at the $80,000 mark as traders pause to await upcoming inflation data. Market sentiment has shifted to extreme greed during this climb, which analysts describe as a historic short squeeze. While some view the move as a bull-market reset linked to a Bessent catalyst, the current rally has paused after hitting a three-month high.Why it mattersThe rapid price recovery suggests a significant shift in market positioning. Traders are now balancing high-greed sentiment against macroeco