Bitcoin Price Analysis - Bullish trend on the horizon Josh Olszewicz Technicals suggest price is currently sitting on support and setting up for a bullish trend reversal in the short term. High timeframes continue to suggest an active bear trend with the potential for an ongoing eight-month Wyckoff accumulation phase. There is a strong possibility of a short squeeze, or short sellers covering their position, if Bitcoin reaches more than US$7,100.
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