#BTC $BTC Bitcoin $80K reclaim or technical bottom?
📌 Real numbers:
- BTC price: $75,637 (24h: -6.11%, Binance)
- $80K level: Another retest, higher than the previous ATH
- Volume: 1.48M BTC in 4h, with an increase in ETF inflows observed
- RSI14: 41.9 - far from the neutral/bearish boundary
- BB: Upper 81.489, Lower 74.398 - price is within the range
📉/📈 Technical analysis:
- SMA20: $77,943 - price is below it, making it resistance
- EMA12: $77,434 - the short-term trend is still struggling to move upward
- MACD: Negative histogram, price is still under sellers' control
- Breaking $80K: According to Analytics Insight and Coinspeaker reports, ETF flows and $468M in short positions being closed (short squeeze) are pushing the price to this level. However, IG and The Market Periodical have also published similar reports that "$80K support is breaking" - suggesting the breakout may be temporary.
🐋 On-chain / flow / news evidence:
- New inflows into Bitcoin ETFs are being recorded following the US midterm election results (Analytics Insight)
- $468M in short sellers were liquidated, according to Coinspeaker
- $378M in short liquidations in a single hour, according to crypto.news
- Bitfinex saw $1.16B in ETF outflows, but the price is still shaking up $80K
- Zcash's 11.7% rise shows Bitcoin's leadership remains strong
🎯 Clear plan:
- $80K resistance: A confirmed close above ($80,000+) = a strong directional signal
- Stop: $74,400 - $75,000 area (below the BB + previous support)
- Target: $81,300 - $82,000 area (previous ATH resistance + 3-5% extension)
- Stronger direction: Bullish (breakout) - price is testing $80K without yet pulling back to $78K
📌 Closing question:
Can BTC break above $80K, or is this just a technical bounce? Which direction will ETF flows and congressional election results determine? Share your predictions in the comments.
#BTC $BTC #Crypto #Trading #Write2Earn
Note: This is not financial advice.
📌 Real numbers:
- BTC price: $75,637 (24h: -6.11%, Binance)
- $80K level: Another retest, higher than the previous ATH
- Volume: 1.48M BTC in 4h, with an increase in ETF inflows observed
- RSI14: 41.9 - far from the neutral/bearish boundary
- BB: Upper 81.489, Lower 74.398 - price is within the range
📉/📈 Technical analysis:
- SMA20: $77,943 - price is below it, making it resistance
- EMA12: $77,434 - the short-term trend is still struggling to move upward
- MACD: Negative histogram, price is still under sellers' control
- Breaking $80K: According to Analytics Insight and Coinspeaker reports, ETF flows and $468M in short positions being closed (short squeeze) are pushing the price to this level. However, IG and The Market Periodical have also published similar reports that "$80K support is breaking" - suggesting the breakout may be temporary.
🐋 On-chain / flow / news evidence:
- New inflows into Bitcoin ETFs are being recorded following the US midterm election results (Analytics Insight)
- $468M in short sellers were liquidated, according to Coinspeaker
- $378M in short liquidations in a single hour, according to crypto.news
- Bitfinex saw $1.16B in ETF outflows, but the price is still shaking up $80K
- Zcash's 11.7% rise shows Bitcoin's leadership remains strong
🎯 Clear plan:
- $80K resistance: A confirmed close above ($80,000+) = a strong directional signal
- Stop: $74,400 - $75,000 area (below the BB + previous support)
- Target: $81,300 - $82,000 area (previous ATH resistance + 3-5% extension)
- Stronger direction: Bullish (breakout) - price is testing $80K without yet pulling back to $78K
📌 Closing question:
Can BTC break above $80K, or is this just a technical bounce? Which direction will ETF flows and congressional election results determine? Share your predictions in the comments.
#BTC $BTC #Crypto #Trading #Write2Earn
Note: This is not financial advice.
