Basic Points:
-
The weakness of bitcoin prices can end with a giant short extermination event as the bears are extremely comfortable.
-
A new forecast suggests that market makers deliberately prepare a giant bear trap.
-
BTC Action Price is back to $ 113,000, liquid blocks of shorts.
Bitcoin (Btc) is due to the “next basic short squeeze” within a few weeks as market manufacturers place the ultimate bear trap.
A New forecast Through popular businessman Luca this week seeing BTC price action repeatedly -the late 2024 breakout.
Bitcoin market manufacturers keeping “pleasure”
Bitcoin exchange orders can handle the key to what happens to BTC/USD in the coming weeks – and will benefit the bulls.
Looking at the recent price performance, Luca suggests that the absence of freshly high is, in fact, not a bearish signal.
“See how the price action has been formed for $ BTC in the last few weeks, because we have been leading mid -August. Not a single high acquired,” he wrote.
“I think the reason is that the shorts are protected short -term.”
The theory explains that market makers maintain artificially rangbound to convince short sellers that their bets will pay.
“We’ve seen something like that, back in 2024, throughout the enormous phase of integration -together when the highs were never that -tap until we actually had a breakout in November,” continued the post, referring to last year’s Seven months of sideways Price action.
The longer like a scenario goes on, the more “content” bears have been – setting up the perfect conditions for a brief extermination event. Luca graduated:
“I believe this will lead to the next major short-squeeze in the coming weeks and although it seems indisputable, I think that shorts are protected now and those who are not getting are a very positive indication that progresses.”
Btc price breakout “fully confirmed”
Number Cointelegraph reportedMany market participants are convinced that new lower lows will come for the next Bitcoin.
Related: BTC compared to ‘Very Bearish’ Gold Breakout: 5 things to know in Bitcoin this Sunday
$ 100,000 remains a popular target downside, with arguments dedicated to phenomena such as bearish divergences to leading indicators.
BTC/USD returned to $ 113,000 on Friday, including Coinglass Data showing around $ 100 million of short crypto prevention in the past 24 hours.
This is enough for some Call on the conclusion of the correction From all time high, which began in mid -August.
“Bitcoin has fully confirmed its breakout,” the famous businessman and analyst Capital told the X followers in conjunction with a chart update.
“A day -to -day close and/or retest of the ~ $ 113k region (red) will ensure further continuity of the pace upside down.”
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
