BITCOIN Daily SETUP Potential Short Squeeze to $85,000

There is a Bearish wolfe wave setup on the Daily time frame. At TOSOPTION, 20% of the bearish setups resolve in a short squeeze. However, if this setup is 80% likely to develop downside pressure for BTC, then the projected bearish target is calculated by extending a linear line between pivot 1 and 4 and extending the line 6 months into the future. This is represented as the red perforated line, as shown in the chart. The projected target is $40,000 which is expected to reach this price target within 36 days using pivot 4 to 5 as a symmetrical reference of time. There is also a daily ttm squeeze which implies price of BTC has been contracting for a period of time and when it triggers cycle 1, the price of BTC will accelerate for the first 3 days and then continue to trend with the support of momentum. The breakout confirmation for BTC is 67465. The bullish target by end of year using fib 1.618 is $85,000.