Bitcoin (BTC): Short squeeze???

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
404 2
With such a massive bear sentiment out there one has to then look at the bullish outcomes for squeezing all of the over zealous shorters. The house has to win, not the table, thus is only makes sense that if we are flirting with 60% short position that it has to go up....right? I'd go with 399 and 379 as the "this ship's going down" levels.
Whether this theory proves to be true or not, all signs point to an upcoming breakout.
I agree.
Beautifully well made chart.
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