BITCOIN JUST HIT $86,332. ๐
Its highest level since January.
Here's what's driving it:
๐ฅ $877 MILLION in crypto liquidated in 24 hours, with $740M coming from short sellers caught off guard
๐ A short squeeze pushed BTC past the 50-week moving average, triggering systematic buying
๐ Dogecoin is leading the rebound, up 15%, while $BTC holds steady after the squeeze ran its course
But the rally's next test comes fast:
๐๏ธ Trump-Xi summit โ Sept 24
๐๏ธ PCE inflation data โ Sept 30
๐๏ธ September jobs report โ Oct 2
Some traders see room to $90K. Others warn leverage is building fast, and a 1.07M BTC supply wall could cap the move.
Are we heading higher, or is a pullback coming? ๐
#bitcoin #BTC #DogecoinRises15% #CryptoNews #BitcoinBreaksAboveMayHighNears$86K
Its highest level since January.
Here's what's driving it:
๐ฅ $877 MILLION in crypto liquidated in 24 hours, with $740M coming from short sellers caught off guard
๐ A short squeeze pushed BTC past the 50-week moving average, triggering systematic buying
๐ Dogecoin is leading the rebound, up 15%, while $BTC holds steady after the squeeze ran its course
But the rally's next test comes fast:
๐๏ธ Trump-Xi summit โ Sept 24
๐๏ธ PCE inflation data โ Sept 30
๐๏ธ September jobs report โ Oct 2
Some traders see room to $90K. Others warn leverage is building fast, and a 1.07M BTC supply wall could cap the move.
Are we heading higher, or is a pullback coming? ๐
#bitcoin #BTC #DogecoinRises15% #CryptoNews #BitcoinBreaksAboveMayHighNears$86K