Bitcoin is Setting Up For a Violent Long Squeeze, Which May Trigger New Lows

Bitcoin bulls across the crypto market have been celebrating their recent victories in pushing the leading cryptocurrency by market cap’s price higher and higher, busting through downtrend resistance and closing both the most recent weekly and monthly candles bullish.
But the victory dance could soon turn to sobs of remorse if a violent long squeeze that may be brewing happens and Bitcoin price crashes hard to new lows from current levels.
Recipe for Disaster: BitMEX Open Interest High, Fu