Bitcoin Short Squeeze Dey Near for $116.8K–$119K Liquidity Zones
Tech analyst CrypNuevo dey warn say beta Bitcoin short squeeze fit happun as BTC dey hunt for liquidity between $116,800 and $119,000. After e bounce from $112,000 and try the 50-day exponential moving average (50-EMA), Bitcoin next up move fit target dem key liquidation clusters. E still possible to go back small to $110,000 before the squeeze go trigger programmed liquidation of short positions, wey go bring more buying pressure. Bitcoin short squeeze conditions dey similar to CrypNuevo January 2025 analysis, when similar setup make prices sharp high after e touch 50-EMA. BTC dey trade near $115,470, dey follow closely the S&P 500 amid renewed macroeconomic uncertainty after unexpected U.S. jobs data. If better economic outlook or bullish catalyst show, e fit trigger surge towards record high, wey go increase crypto market volatility. Traders suppose dey monitor liquidity zones, adjust stop-loss levels, and ready for fast price moves if Bitcoin short squeeze really happen.
Bullish
CrypNuevo identify wetin dem call liquidity clusters for $116,800 and $119,000 wey fit lead to Bitcoin short squeeze, one kain bullish catalyst wey dey always make price jump fast. The 50-day EMA hold well as support, and the strong BTC–S&P 500 correlation mean say if any beta macroeconomic data or good news show, e fit make people dey buy BTC more. For January 2025, this kain setup cause sharp rally after e touch the 50-EMA. Short term, traders suppose prepare for heavy price movement as stop-run go trigger programmed liquidations. Long term, if e break pass the liquidity zones, e fit carry Bitcoin enter new all-time highs and make the bullish trend strong.