Bitcoin’s $100K Countdown: Charts, Short Squeezes, and Why Bears Are Sweating Bullets

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What's up, Degens! 🎢

Forget boring price action—Bitcoin is back with a vengeance, knocking on $95K’s door and threatening to drag every stubborn short-seller kicking and screaming towards $100K.

If you're short BTC right now, thoughts and prayers (and probably get your liquidation emails ready).

We've got some juicy technical setups, brewing squeezes, and charts so bullish you'll need sunglasses.

Ready to ride?

THE RUNDOWN

📈 5 Charts Screaming “$100K BTC!”
Technical analysts are drooling over Bitcoin's setup right now:

• Textbook double-bottom breakout? Check ✅

• Bull pennant pointing straight at six figures? Double-check ✅✅

• Falling wedge launching BTC to $102K? Yep, that too ✅✅✅

🐻 Shorts Feeling the Heat
Open interest is up, but so is bearish sentiment—funding rates went negative. Translation? Short-sellers might soon be forced into the world’s most painful U-turn, courtesy of a classic short squeeze. Keep popcorn handy.

🔥 Profitability Spikes
Almost 90% of Bitcoin’s supply is now back in profit. This isn’t just a nice number. Historically, it’s a flashing neon sign reading "euphoria ahead."

⏳ Bitcoin’s Consolidation Countdown
BTC’s been stuck in a boring range ($91K-$95K) for a few days now, but analysts say the quiet could end explosively soon. All eyes on that juicy $95K resistance.

🧨 Options Traders Betting on $100K
BTC options markets are buzzing, with traders loading up on $95K strikes for late April and May. Everyone's betting on fireworks, so buckle up!

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THE DEGEN DEN MAIN EVENT

Alright, gather 'round, degenerates.

Here’s why Bitcoin could actually (for real this time) hit the magical $100K mark by May:

Double-bottom breakout:

BTC’s daily chart just painted a textbook double bottom.

If you missed your TA lessons (or slept through them), here's the TL;DR: Bitcoin’s next major stop could be around $100,575 give or take a few anxiety-induced heartbeats.

Bullish pennant (because bears love pain)

The hourly chart is coiling like a spring.

Once it pops, BTC might fly straight into six figures, sending bears scrambling for cover (and tissues).

Falling wedge on steroids

On the three-day timeframe, a falling wedge just broke upwards, targeting a cool $102,270.

It’s so bullish even your grandma would tell you it's a buy signal.

Liquidity magnets & short-seller tears

A thick stack of shorts has piled up right around $100K, creating a liquidation magnet.

If BTC inches closer, we might witness the mother of all short squeezes, prepare for fireworks, memes, and lots of FOMO tweets.

Bitcoin profits going through the roof

Nearly 90% of BTC’s circulating supply is back in profit territory.

Historically, these levels scream "bullish euphoria incoming."

Expect friends, family, and that one uncle who called Bitcoin a Ponzi at Thanksgiving to start texting you soon.

Oh, and let's talk consolidation.

Bitcoin’s been stuck between $91K-$95K, but negative funding rates hint that traders betting against BTC might soon get a rude awakening (and their stop-losses hit).

Analyst Jlabs Digital says this setup; negative funding, rising open interest, is "rare and bullish." Translation: bear stew is cooking, folks.

In short, if Bitcoin decisively cracks $95K, it’ll likely sprint toward $100K.

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That wraps it up, degens.

Bitcoin’s dancing at $95K, shorts are nervously glancing at their positions, and $100K might finally move from meme territory to reality, at least for a few glorious moments.

If you enjoyed this wild ride, forward it to a friend who still thinks Bitcoin is going back to zero.

Sharing is caring, especially when you're dunking on bears.

Stay bullish,

– The DegenDen Team

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