Bitcoin has pushed above $81,000, reaching around $81,238 as the rally extends to a three-month high.
The climb follows a strong week for Bitcoin, which gained around 25% as fresh demand and dollar weakness boosted the broader market.
The rally has squeezed Bitcoin shorts, with heavy liquidations forcing leveraged traders to close bets and repurchase $BTC, adding fuel to the upward move.
Recent data shows 225 millions of dollars in shorts have already been wiped out during this rally, making the $81,000 breakout an moment for the market.
#BTC Price Analysis# #What is your Bitcoin Price Prediction?#
The climb follows a strong week for Bitcoin, which gained around 25% as fresh demand and dollar weakness boosted the broader market.
The rally has squeezed Bitcoin shorts, with heavy liquidations forcing leveraged traders to close bets and repurchase $BTC, adding fuel to the upward move.
Recent data shows 225 millions of dollars in shorts have already been wiped out during this rally, making the $81,000 breakout an moment for the market.
#BTC Price Analysis# #What is your Bitcoin Price Prediction?#