Bitcoin(CRYPTO: BTC) is staging a massive reversal, prompting widely followed crypto traderDonAltto predict a squeeze toward $105,000 as he warns shorts are "in deep trouble" after getting trapped above $92,000.
The Bitcoin Setup: A Classic Bear Trap
DonAlt argues that Bitcoin's recent price action—breaking down below support only to aggressively reclaim the range—is one of the most reliable bullish signals in trading.
Bitcoin looked "dead" when it lost the $92,000 level, enticing traders to open short positions. By pushing back above that breakdown level, bulls have trapped those shorts in losing positions.
"If you are shorting here...
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