Long squeeze alert for Bitcoin as BTC longs are ‘at a risky level,’ warns analyst
Bitcoin (BTC) is currently consolidating in a low time frame (HTF) after peaking at $77,230 on Friday night. Now, the same analyst who predicted this price target for the weekend warns of a potential long squeeze for Bitcoin. As Finbold covered, CrypNuevo shared an Analysis targeting a range between $77,000 and $77,500 for Bitcoin’s weekend. BTC reached the analysts’ target a few hours later, now preparing for a potential corrective long squeeze, he warned. https://twitter.com/CrypNuevo/status/1855020051683844432 In a recent thread on X, CrypNuevo explained how Bitcoin longs are “at a risky level,” tracing two possible scenarios. The trader sees a potential bull trap rally again to $77,500, followed by a pullback to $72,100. However, the retracement can happen at any moment, including from the current level, without rallying first. Picks for you ...