Analysis: BTC short squeeze possible within weeks

An analysis suggests a high likelihood of a BTC short squeeze occurring in the coming weeks. Cryptocurrency trader Luca noted that BTC has not surpassed its previous high since peaking in mid-August. He pointed to a similar pattern last year, when BTC experienced a seven-month period of sideways movement before reaching a new all-time high in November. Luca explained that such a pattern, which he described as a bear trap or false decline, often increases the probability of a subsequent short squeeze.