The king of cryptocurrencies $BTC has slammed the table by breaking through the $85,000 barrier (its highest level since January 2026), recording an increase of approximately 5.5% in 24 hours and reclaiming a key moving average it hadn’t crossed in nearly a year.
This powerful bullish move was driven by a net inflow of $433 million into spot Bitcoin ETFs and by a brutal hunt for short sellers that left more than $747 million in liquidations of short positions. However, the euphoria comes with caution: the RSI indicator already points to overbought conditions, and the Federal Reserve warns that inflation is still above its 2% target, reminding everyone that volatility remains on the prowl.
Do you think Bitcoin will be able to consolidate this support to go for new highs, or will we see an unavoidable technical correction?
#BitcoinHits$85K
#Bitcoin
This powerful bullish move was driven by a net inflow of $433 million into spot Bitcoin ETFs and by a brutal hunt for short sellers that left more than $747 million in liquidations of short positions. However, the euphoria comes with caution: the RSI indicator already points to overbought conditions, and the Federal Reserve warns that inflation is still above its 2% target, reminding everyone that volatility remains on the prowl.
Do you think Bitcoin will be able to consolidate this support to go for new highs, or will we see an unavoidable technical correction?
#BitcoinHits$85K
#Bitcoin