$BTC Bears called for a crash for two weeks—then got hit with a counterattack!
Holding above the 50-week moving average for 5 straight weeks!
Bitcoin has reclaimed $83,000.
Short positions worth $130 million liquidated in 12 hours!
Black Monday never came—and the bulls have already started fighting back!
The latest market data shows that BTC has closed above its 50-week moving average for the fifth consecutive week and reclaimed the $83,000 level. Meanwhile, ETH is trading around $2,450, and approximately $130 million in short positions across the crypto market were liquidated over the past 12 hours. For the previous two weeks, expectations of a Black Monday crash had hung over the market. But prices didn’t keep falling as bears had anticipated—instead, a clear counter-rally emerged.
What really matters is that BTC has held above its 50-week moving average for five consecutive weeks, suggesting that the medium-term trend still has bullish support. The wave of short liquidations could also give the short-term rebound an extra boost. However, whether a liquidation-driven rally can last will depend on whether spot buyers step in. Next, watch to see whether BTC can hold above $83,000 and then push toward the $85,000–$87,000 resistance zone. If ETF inflows return at the same time, the bulls may be able to turn this rebound into a stronger uptrend.
Bears stoked panic for two straight weeks—only to have $130 million in positions wiped out first!
If BTC continues to hold above a key trendline, the next breakout could catch even more bears off guard!
Tap the card below and get in on the action! 👇
$ETH $ZEC
Holding above the 50-week moving average for 5 straight weeks!
Bitcoin has reclaimed $83,000.
Short positions worth $130 million liquidated in 12 hours!
Black Monday never came—and the bulls have already started fighting back!
The latest market data shows that BTC has closed above its 50-week moving average for the fifth consecutive week and reclaimed the $83,000 level. Meanwhile, ETH is trading around $2,450, and approximately $130 million in short positions across the crypto market were liquidated over the past 12 hours. For the previous two weeks, expectations of a Black Monday crash had hung over the market. But prices didn’t keep falling as bears had anticipated—instead, a clear counter-rally emerged.
What really matters is that BTC has held above its 50-week moving average for five consecutive weeks, suggesting that the medium-term trend still has bullish support. The wave of short liquidations could also give the short-term rebound an extra boost. However, whether a liquidation-driven rally can last will depend on whether spot buyers step in. Next, watch to see whether BTC can hold above $83,000 and then push toward the $85,000–$87,000 resistance zone. If ETF inflows return at the same time, the bulls may be able to turn this rebound into a stronger uptrend.
Bears stoked panic for two straight weeks—only to have $130 million in positions wiped out first!
If BTC continues to hold above a key trendline, the next breakout could catch even more bears off guard!
Tap the card below and get in on the action! 👇
$ETH $ZEC