Key Points:
The weak price of Bitcoin (BTC) may eventually trigger a massive short squeeze event, as shorts are overly confident.
Recent predictions indicate that market makers are intentionally setting up a giant bear trap.
The price of Bitcoin (BTC) has rebounded to $113,000, with short positions being liquidated in bulk.
Bitcoin (BTC) is expected to experience the "next major short squeeze" in the coming weeks, as market makers are setting up the ultimate bear trap.
Trader Luca's new prediction this week suggests that the price movement of Bitcoin (BTC) is replaying the breakout trend seen at the end of 2024.
Bitcoin (BTC) exchange orders may become the key to the BTC/USD trend in the coming weeks, with bulls likely to benefit.
Luca noted in his analysis of recent price performance that the lack of new highs is not actually a bearish signal.
He stated, "Looking at the price movement of Bitcoin (BTC) over the past few weeks, since peaking in mid-August, no highs have been broken."
The theory suggests that market makers intend to maintain a market consolidation range, leading shorts to mistakenly believe their bets can profit.
"We have seen similar situations before, during the 2024 period, where throughout that massive consolidation phase, no highs were touched until the real breakout in November," the post added, referring to last year's seven-month sideways market.
Luca concluded that the longer this situation persists, the more complacent shorts become, creating ideal conditions for a short squeeze event:
According to Cointelegraph, many market participants firmly believe that Bitcoin (BTC) will reach new lows.
$100,000 remains a popular downside target, with related views focusing on bearish divergence on major indicators.
Data from CoinGlass shows that BTC/USD rebounded to $113,000 on Friday, with approximately $100 million in cryptocurrency shorts liquidated in the past 24 hours.
As a result, some believe that the correction from the historical high in mid-August has ended.
Trader and analyst Rekt Capital stated in a post with images on X, "Bitcoin (BTC) has technically confirmed a breakout."
Related: Bitcoin's "frenzy phase" cools down, with $112,000 becoming a key BTC price level
Original: “Trader Warns: Bitcoin (BTC) Recreates 2024-style 'Bear Trap', Major Short Squeeze Imminent”
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