Bitcoin will show a short squeeze!

Hi all!

Last time I saw a lot of bearish sentiment about Bitcoin hitting $10-12k. I assume that we will not see these levels. $15-17k is the minimum target for this bear market. But the price is now being pumped up because there are many short traders who have to be liquidated before the dump.

Let’s look at the 4-hour timeframe of the BTCUSDT chart on the WhiteBit exchange. The price broke through a strong level to collect the stop losses of short traders. I was surprised that the pump wasn’t stopped at $19,900, but that’s normal, there were no trades. Just watch the market. I tried to guess what wave is currently happening in the market. Globally, I am looking at wave 5. More locally, wave 3 within wave 5. Wave 1 of this wave 3 has already completed. The current boring flat looks like wave 2, which is represented as a correction of the ABCDE triangle. I think this pump may continue a little longer until the 0.618 Fibonacci level. After wave 3, I’m waiting for wave 3 within wave 3, which will be very soon.

Best regards, Ivan