The "Short Squeeze" is getting ready to happen. Do not get caught off guard.

While everyone is trying to figure out when the price of Bitcoin will stop going down the liquidation heatmaps are showing a lot of activity. There are a lot of positions just above $68,500. If something sparks the price of $BTC will go through $70k fast.

The thing that will make this happen is the US "CLARITY Act" regulations, which have a deadline to be met.

The problem is that people are shorting Bitcoin when they are really scared as shown by the 9-point Fear Index being at its bottom.

The best thing to do is to focus on buying and selling Bitcoin directly without using borrowed money during this time of price swings.

In my opinion the price of Bitcoin will go up. The market is already expecting the news about what is happening in the world so it has already taken that into account. The "Pain Trade" is currently to the upside meaning the price of Bitcoin will likely go up and cause pain for those who are shorting it.

Are you ready for the price of Bitcoin to go up, to $70k or do you think it will go down first?

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