BTC price predictions are leaning towards a potential short squeeze as it nears previous all-time highs. A 10% increase could cause liquidations in excess of 18 billion USD, amplifying current market excitement.
Monitoring the market further, traders note the CME futures gap at 116,500 USD may serve as a support level, contributing to a potential rally if breached. Analysts expect BTC may soon break past existing resistance levels.
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