As anticipated, Bitcoin's recent dip appears to be a strategic move to foster bearish sentiment, while macroeconomic indicators suggest a different narrative. Looking ahead, a mid-week surge is plausible, potentially leading to a significant short squeeze. Targeting the $108,000 zone is reasonable, but an ideal scenario would see Bitcoin reaching $111,000, triggering one of the largest short liquidations in history. This could prompt retail investors to enter en masse, fearing they'll miss the upcoming altseason. Let's see if February closes in the green. 📈🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.