Bitcoin sets 2024-style bear trap ahead of ‘major short squeeze’: Trader


Bitcoin sets 2024-style bear trap ahead of ‘major short squeeze’: Trader


There may be more to Bitcoin’s latest correction from all-time highs than meets the eye, and bears stand to lose out within weeks.

Key points:

Bitcoin price weakness could end in a giant short liquidation event as bears get overly comfortable.

A new forecast suggests that market makers are deliberately preparing a giant bear trap.

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