- Is It a Big Trap for Bitcoin Bears: Analyst Comes Up with a “Massive Rise” Scenario! -
Famous crypto analyst Credible Crypto has attracted attention with his latest predictions about Bitcoin.
Famous crypto analyst Credible Crypto has highlighted two possible paths for Bitcoin to new records. Addressing his 419,300 followers on the social media platform X, the analyst stated that Bitcoin’s current market structure is designed to put bear investors in a difficult situation.
According to the analyst’s assessment, Bitcoin bears are accumulating large short positions as BTC continues to produce lower highs.
Credible Crypto stated that these lower highs are actually misleading and created to reassure bear investors, but that these positions will cause a large rise with a short squeeze in the future.
Short squeeze is defined as a situation where investors who are in a short position are forced to buy back the asset as a result of the price of an asset moving upwards contrary to expectations, pushing the price even higher.
The analyst made the following statements in his explanation:
''The liquidity accumulation that pulls the price down in low time frames creates upward pressure in high time frames in the same way. These levels, which are defended in successive marginal lows and each rise, will eventually lead to a major breakout and upward movement. They are preparing the bears to overthrow them with a single large green candle.''
According to the chart shared by Credible Crypto, it is predicted that Bitcoin may first fall to $ 45,000 or $ 55,000 levels, and then rally to $ 80,000 and above.
