Bitcoin erased yesterday’s losses and climbed back above $80,000 (around $80,700)
Why?👇
Election uncertainty has eased
A strong short squeeze (over $415 million in short positions liquidated)
Falling oil prices eased inflation concerns
⭐ The rebound is strong, wiping out a $5,000 loss in a single day, but a large part of it came from liquidations, not genuine institutional buying.
$80,000 is the line in the sand today
Above it, the market is fine; below it, expect caution and volatility.
This is my personal opinion and not investment advice.
DYOR
$BTC
#BTCRebounds80K
Why?👇
Election uncertainty has eased
A strong short squeeze (over $415 million in short positions liquidated)
Falling oil prices eased inflation concerns
⭐ The rebound is strong, wiping out a $5,000 loss in a single day, but a large part of it came from liquidations, not genuine institutional buying.
$80,000 is the line in the sand today
Above it, the market is fine; below it, expect caution and volatility.
This is my personal opinion and not investment advice.
DYOR
$BTC
#BTCRebounds80K
