I think this $BTC pump will be short lived
Just a short squeeze before we continue lowe
The primary driver for this pump appears to be a Short Squeeze. This occurs when traders betting on a lower price (short positions) are forced to close their trades by buying back Bitcoin, which artificially amplifies the upward price movement.
If this is purely a liquidation-driven event, the price is likely to hit a Major Resistance level and fail, confirming a classic Bear Trap before the descent continues. Pay close attention to the $95,000 to $100,000 resistance zone; a clear rejection there would strongly support your short-lived thesis.
BTC
91,333.85
+1.96%