Bitcoin has made a strong recovery from around $75K and has pushed back above $85K, even while the Fed, inflation, and elevated oil prices remain major macro concerns. Several factors could be behind this move — BTC breaking through resistance, large-scale short liquidations, easing oil and Treasury yields, and strength across the S&P 500 and Nasdaq.
For me, the biggest question now is whether Bitcoin can hold these levels after the short squeeze fades. If sustained spot buying continues and BTC remains above the breakout zone, this move could become more than just a liquidation-driven rally. But if buying momentum weakens, the rally could also reverse quickly.
Right now, the market seems to be saying: “Macro looks messy, but traders are still buying Bitcoin.” 👀🔥
Do you think BTC is starting a bigger move, or are we simply watching a massive short squeeze? 👇
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