🔥 Breaking through $85,000! Bitcoin hits an eight-month high as 140,000 shorts get liquidated overnight!
#比特币突破8.5万美元
On September 21, Bitcoin surged in a straight line and briefly climbed above $85,000, up more than 5% in 24 hours, marking the highest level since late January. Ethereum rose above $2,700, while SOL and XRP and even Dogecoin all gained more than 6%. According to Coinglass, in the past 24 hours, 136,000 traders were liquidated, with short positions liquidated totaling as much as $650 million.
📋 Three major catalysts ignite the rally:
① The SEC “innovation exemption” sparks sentiment. On September 17, the SEC issued a rule allowing qualified platforms to offer trading of tokenized stocks, granting a five-year regulatory exemption, and overall market sentiment rebounded.
② Weekly chart first closes above the 50-week moving average. Galaxy’s research head noted that the Bitcoin weekly close was back above the 50-week moving average for the first time in 45 weeks; historically, this signal is often viewed as confirmation of a bear-market bottom.
③ Golden cross confirmed. The 50-day moving average broke upward above the 200-day moving average, forming a golden cross; historically, it often appears near bear-market bottom areas.
📈 Short term (1–3 months): bullish, but watch for pullbacks
Key support: $80,000. Vatnani noted that if the price continues to fall below $80,000–$80,500, $76,000–$76,500 will return to the spotlight. Overhead resistance is around $86,000, and Glassnode has labeled this zone as a major supply area.
🚀 Long term (6 months+): bullish
Analyst Willy Woo said Bitcoin’s monthly Fisher Transform has produced the fourth rare golden cross in history. The previous three times each accurately corresponded to bear-market bottoms. Galaxy Research shows that BTC has returned above the 50-week moving average 13 times in history; in 11 of those cases, the bear-market bottom had already formed, for a high win rate of 84.6%.
One-sentence summary: With the SEC green light + 50-week MA confirmation + a triple golden-cross signal stacked together, in the short term the question is whether $86,000 resistance can be broken; in the long run, whether historical patterns will prove true again.
Fellas, do you think this wave can push up to 90,000?
$BTC
$ETH
$BNB
#比特币突破8.5万美元
On September 21, Bitcoin surged in a straight line and briefly climbed above $85,000, up more than 5% in 24 hours, marking the highest level since late January. Ethereum rose above $2,700, while SOL and XRP and even Dogecoin all gained more than 6%. According to Coinglass, in the past 24 hours, 136,000 traders were liquidated, with short positions liquidated totaling as much as $650 million.
📋 Three major catalysts ignite the rally:
① The SEC “innovation exemption” sparks sentiment. On September 17, the SEC issued a rule allowing qualified platforms to offer trading of tokenized stocks, granting a five-year regulatory exemption, and overall market sentiment rebounded.
② Weekly chart first closes above the 50-week moving average. Galaxy’s research head noted that the Bitcoin weekly close was back above the 50-week moving average for the first time in 45 weeks; historically, this signal is often viewed as confirmation of a bear-market bottom.
③ Golden cross confirmed. The 50-day moving average broke upward above the 200-day moving average, forming a golden cross; historically, it often appears near bear-market bottom areas.
📈 Short term (1–3 months): bullish, but watch for pullbacks
Key support: $80,000. Vatnani noted that if the price continues to fall below $80,000–$80,500, $76,000–$76,500 will return to the spotlight. Overhead resistance is around $86,000, and Glassnode has labeled this zone as a major supply area.
🚀 Long term (6 months+): bullish
Analyst Willy Woo said Bitcoin’s monthly Fisher Transform has produced the fourth rare golden cross in history. The previous three times each accurately corresponded to bear-market bottoms. Galaxy Research shows that BTC has returned above the 50-week moving average 13 times in history; in 11 of those cases, the bear-market bottom had already formed, for a high win rate of 84.6%.
One-sentence summary: With the SEC green light + 50-week MA confirmation + a triple golden-cross signal stacked together, in the short term the question is whether $86,000 resistance can be broken; in the long run, whether historical patterns will prove true again.
Fellas, do you think this wave can push up to 90,000?
$BTC
$ETH
$BNB