Analysts are predicting significant growth for Bitcoin (BTC) 🚀, and short positions may come under intense pressure. Kobeissi Letter points out a large gap between institutions' long positions and hedge funds' short positions: institutions hold about 20,000 net long contracts, while hedge funds hold about 15,000 net short contracts. This gap could be a major catalyst for a BTC short squeeze. Also, trader Dave the Wave believes that $160K for BTC may be a conservative estimate. Bitcoin is currently back at $70K, a 14.2% recovery from last week.