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Magnificent Short Squeeze Incoming? Analyst Says Bitcoin Could Explode

Magnificent Short Squeeze Incoming? Analyst Says Bitcoin Could Explode

Magnificent Short Squeeze Incoming? Analyst Says Bitcoin Could Explode

In Brief

  • • Bitcoin may be forming a bullish higher-low setup after its recent dip.
  • • Holding above $94K could trigger a major short squeeze.
  • • Confirmation depends on regaining market structure momentum.

As the carnage in the cryptocurrency market begins to slow down, Bitcoin (BTC) may be setting up for a powerful bullish reversal after sweeping its weekend lows, with one analyst describing the potential move as “magnificent” if price reclaim structure continues.

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Specifically, the recent dip has aligned with expectations, and the key now is whether Bitcoin can form a higher low above the $94,000 level, according to the analysis by renowned crypto trading expert Michaël van de Poppe shared in an X post on November 17.

A Higher-Low Could Unlock Massive Liquidity

Indeed, the analyst notes that market liquidity conditions appear ripe for a strong upside move if short positioning becomes trapped. In his view, successfully holding $94K offers a path back towards $100K “this week,” adding that above current levels sits “trillions and trillions” of short-side liquidity that could be forced to unwind quickly if bullish confirmation appears.

This scenario relies on BTC reclaiming momentum after the recent price sweep, which flushed stops below support. A decisive reaction, not just temporary stabilization, may determine whether a short squeeze materializes or whether bears reassert control.

For the time being, the flagship decentralized finance (DeFi) asset is changing hands at the price of $95.601.19, which indicates a decline of 0.87% in the last 24 hours, a 10.05% dip across the previous seven days, and an accumulated loss of 10.61% on its monthly chart, per the latest information.

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Bitcoin 30-day price chart.
Bitcoin 30-day price chart. Source: CoinMarketCap

As van de Poppe commented, it’s been a “pretty good start of the week,” emphasizing that the dip itself was expected. What matters now is market structure recovery.

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