Analyst: Bitcoin Short Squeeze Setup Points to $85K-$88K Rally

On Tuesday, Bitcoin (BTC) hit $76,000 before falling back to around $74,000, and analyst Michaël van de Poppe thinks the market is getting ready for something bigger. He argued in a post on X on Wednesday that low funding rates and rising open interest at resistance are the classic signs of a short squeeze, which could send BTC all the way up to $85,000–$88,000. Overleveraged Shorts and a Third Attempt Van de Poppe b…