Bitcoin is about to soar! Breaking through key levels, shorts are about to be crushed.
The explosion of Bitcoin has become a foregone conclusion; the question is no longer 'if', but 'when'. Since April, Bitcoin has been continuously hitting new highs and lows, showing strong upward momentum.
Institutions are net buying Bitcoin at amounts as high as $400 million to $500 million daily, with incredibly strong demand.
The market premium remains positive, indicating that this rebound is primarily driven by spot buying, with solid strength.
From a technical perspective, Bitcoin has broken through the key pattern that previously drove the price surge, and this breakout suggests that a price surge to $100,000 is not a distant dream.
Short sellers need to be cautious; the market sentiment has shifted, and the next wave of upward momentum may put enormous pressure on the shorts.