$BTC IS RISING AGAIN
Bitcoin has just moved above the 80,000 USDT mark on Binance. But what’s really driving this move?
It could be a combination of short liquidations, improving market sentiment, and weakening selling pressure.
However, ETFs are still seeing net outflows. There’s not enough evidence yet to say that major capital has returned to the market.
I want to see BTC hold above the 80,000 USDT level before getting more optimistic. If Spot buying pressure continues the 81,000–82,000 range will be worth watching.
DYOR. NFA.
Bitcoin has just moved above the 80,000 USDT mark on Binance. But what’s really driving this move?
It could be a combination of short liquidations, improving market sentiment, and weakening selling pressure.
However, ETFs are still seeing net outflows. There’s not enough evidence yet to say that major capital has returned to the market.
I want to see BTC hold above the 80,000 USDT level before getting more optimistic. If Spot buying pressure continues the 81,000–82,000 range will be worth watching.
DYOR. NFA.