BTC sell pressure done? Bear trap? Maybe

Credit: @OptimoomFX


quoted:

"#Bitcoin- Respiro moment for bears?

Since Friday's last week's low, Bitcoin is trading in a range, and neither bulls nor bears managed to take control.
However, yesterday's spike and strong reversal from under 40 .500 can be an indication that a short squeeze could follow soon.
I will look to buy dips against yesterday's low and if BtcUsd manages to break above 42.500 I expect acceleration to the upside.
My target for this correction is 46k zone"

I 100% agree we could see shorts getting liquidated here soon, and 40k just may be our bottom.

I will add some of my analysis to support this. For now I trust one of the best traders on the planet.


Moon? No. $45-46000. Quite possibly yes.

*not financial advice, just an idea I agree with.


https://www.tradingview.com/chart/BTCUSD/G3EVm4p7-Bitcoin-Respiro-moment-for-bears/