Bitcoin’s Short Squeeze Predicted: $92,400 as Potential Target

Bitcoin is currently navigating a corrective phase within an Elliott Wave structure, indicating potential for a short squeeze towards the $92,400 level before bearish pressure returns. Crypto analyst Crypto Tony (@CryptoTony__) points to the asset’s recent performance, revealing a sub-wave 4 correction in the broader bullish impulse that could lead to this temporary upward move. However, he also warns of a possible pullback to support at $90,000.