Have a look at BTCUSDSHORTS , you'll see that the shorts are piling up in a way that is reminiscent of 12/04/2018.
I have circled in yellow the impact of the different shorts 'squeezes' we had in the past.
I write this on the 09/08/2018, and from the look of BTCUSDSHORTS I think we can have BTC go up as much as during the 12/04/2018 squeeze, maybe even more depending on how much more shorts we will get. This might bring us to the previous high, and possibly break it, triggering a new cycle for BTC .
But the price might just go down and the shorts could be covered. We will have to see.
The impact of a short squeeze won't be relevant for the time being.