Can BTC short squeeze back to $80k+?Bitcoin / U.S. dollarBITSTAMP:BTCUSDbenjihyamI've been bearish on BTC for a while, but I think it's time to flip that bias. BTC tested a key support level at $62k and while there's definitely a possibility it keeps dropping, I think that this level could initiate a large squeeze higher. We're extremely oversold here, sentiment is in the dumps, and we've tested the lows 3 times now at $62.5k. Third touches usually create a powerful move in the opposite direction, so that combined with that fact that we're oversold on all low timeframes, makes me think we can see a strong bounce here. I think if we are to get it, it can take us all the way up to the upper resistances. If it does that and doesn't break the highs, it'll remain bearish, and the next drop will be the one you want to avoid. I'm long here. Let's see how it plays out.