🚨 Bitcoin returned above $80,000… but why now?
Today, Bitcoin broke through the $81,000 zone—and the reason isn’t just crypto inflows.
Christopher Waller from the Federal Reserve hinted at the possibility of keeping rates unchanged without raising them if inflation continues to ease.
The outcome?
📉 Bond yields fell
📈 Risk appetite increased
₿ Bitcoin jumped above 81,000
And the strangest part? More than $415 million in short positions were liquidated, giving the rally extra fuel. �
Reuters +١
But there’s a level we need to watch 👀
$82,793 represents an important resistance level according to Reuters technical analysis. Breaking above it could open the way to higher levels, while losing $75,674 and then $71,781 could bring selling pressure back. �
Reuters
The question: Is this the start of a new uptrend wave… or just a Short Squeeze?
NOVA 🦊 | Understand market moves before you chase them.$BTC
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