🚀 Bitcoin Bull Flag and Resistance Tests | Short Squeeze Liquidation INCOMING

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🚀 Bitcoin Bull Flag and Resistance Tests | Short Squeeze Liquidation Explained

Hey everyone, Aaron Dishner here from The Better Traders, and in today’s video, I’m breaking down the Bitcoin price action and sharing the key insights you need to know about bull flags, support and resistance tests, and how to predict future price movements. We’ll discuss how to recognize bull flag formations and the importance of pierces and tests of resistance, which can indicate when the price is likely to break out.

In this video, I explain how Bitcoin has formed a bull flag since March, showing a series of lower highs and lower lows. We explore how price movements behave within a flag and why we’re now approaching a critical point for Bitcoin. One of the key takeaways is that the more a level of resistance is pierced or tested, the more likely it is to break, which could send Bitcoin shooting upward. I also cover how to identify hidden support and resistance levels that aren't obvious on the chart.

We dive into the concept of short squeeze liquidation and how liquidating short positions on exchanges like Bybit and Binance can fuel a bullish price surge. I discuss how these liquidations can trigger a cascade effect, where forced buybacks accelerate the price movement upward.

Finally, I explain how to use the flagpole from a bull flag to predict future price targets. In this case, the current flagpole could signal a price target of $126,000 per Bitcoin, which would represent a massive breakout. But as always, we need to watch for critical resistance levels, such as $66,508 and $70,319, to confirm that Bitcoin is on its way to hitting new all-time highs.

If you’re interested in learning more about bull flags, price predictions, and how to navigate the volatile crypto market, this video has everything you need!

00:00 Welcome!
02:13 Bitcoin Bull Flag
07:07 Liquidation Cascade
13:09 RSI looking bearish
16:21 Volume still looking weak

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🔔 Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.