⚠️⚠️ Bitcoin has broken through $80K. But the weekly candle is not confirmed yet.
Bitcoin has just risen by 5.88%, reaching about $80 846.
But the interesting part isn't just the $80K breakout. 👀
The Fed raised rates by 25 bps to 3.75–4.00%, but its forecasts turned out to be softer than people feared.
Then leverage stepped into the game.
More than $445 million in crypto shorts were liquidated, including roughly $230 million in shorts on BTC.
At the same time, spot Bitcoin ETFs recorded about $159 million in net inflows.
So the move was not just a short squeeze.
It was:
Macro easing + forced buying + spot demand.
And now the chart is throwing in another twist.
BTC closed the daily candle above $80 494, confirming the daily breakout.
But the weekly candle is still open.
The next major resistance is around $84 471.
So the first test is clear:
Can BTC turn $80K from resistance into support?
Because breaking $80K is one thing.
Closing the week above it is another. 👀
Just market commentary. Not financial advice.. .
#BTC #Bitcoin #Crypto #BitcoinETF $BTC
Bitcoin has just risen by 5.88%, reaching about $80 846.
But the interesting part isn't just the $80K breakout. 👀
The Fed raised rates by 25 bps to 3.75–4.00%, but its forecasts turned out to be softer than people feared.
Then leverage stepped into the game.
More than $445 million in crypto shorts were liquidated, including roughly $230 million in shorts on BTC.
At the same time, spot Bitcoin ETFs recorded about $159 million in net inflows.
So the move was not just a short squeeze.
It was:
Macro easing + forced buying + spot demand.
And now the chart is throwing in another twist.
BTC closed the daily candle above $80 494, confirming the daily breakout.
But the weekly candle is still open.
The next major resistance is around $84 471.
So the first test is clear:
Can BTC turn $80K from resistance into support?
Because breaking $80K is one thing.
Closing the week above it is another. 👀
Just market commentary. Not financial advice.. .
#BTC #Bitcoin #Crypto #BitcoinETF $BTC
