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Bitcoin Shorts Getting Squeezed – Taker Buy Volume Signals Explosive Momentum

  • Bitcoin is trading just below its all-time high around $109,000-$110,000, indicating a potential breakout as momentum builds.
  • Analysts are predicting a major price surge as bullish on-chain signals and tightening volatility support the bullish structure.
  • Short positions are being squeezed on major exchanges, with Taker Buy Volume spiking and aggressive buyers stepping in, potentially leading to rapid price expansions.
  • Bitcoin's weekly chart shows strong continuation with the eighth consecutive green candle, and a close above $110,000 could mark the highest weekly close in history, setting the stage for further upward movement.

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