$BTC holds strong above $81K 🚀
Bitcoin is trading around $81,100–$81,300 today after a sharp rebound, hitting an intraday high near $81,700. The move erased recent weakness with a +5%+ surge, fueled by a massive short squeeze (hundreds of millions in liquidations) and fresh spot ETF inflows.
What’s driving it?
Traders shrugged off the latest rate hikes and regulatory noise. On-chain data shows short-term holders reducing supply while long-term holders accumulate — a constructive shift. Technically, BTC has cleared key short-term moving averages and is testing the stubborn $81.7K–$82.2K resistance zone that has capped every recovery attempt since late August.
Key levels to watch:
• Resistance: $82K–$82.2K (break opens path to $83.5K–$85K)
• Support: $78K–$79.3K
Momentum looks solid but not overextended on the daily (RSI ~63–70 range across sources). A clean hold above $80K keeps the bulls in control this weekend.
Are we heading for a weekend push higher or another rejection at the ceiling? Drop your take below 👇
#BTC #bitcoin #crypto #bullish #CryptoNewss
Bitcoin is trading around $81,100–$81,300 today after a sharp rebound, hitting an intraday high near $81,700. The move erased recent weakness with a +5%+ surge, fueled by a massive short squeeze (hundreds of millions in liquidations) and fresh spot ETF inflows.
What’s driving it?
Traders shrugged off the latest rate hikes and regulatory noise. On-chain data shows short-term holders reducing supply while long-term holders accumulate — a constructive shift. Technically, BTC has cleared key short-term moving averages and is testing the stubborn $81.7K–$82.2K resistance zone that has capped every recovery attempt since late August.
Key levels to watch:
• Resistance: $82K–$82.2K (break opens path to $83.5K–$85K)
• Support: $78K–$79.3K
Momentum looks solid but not overextended on the daily (RSI ~63–70 range across sources). A clean hold above $80K keeps the bulls in control this weekend.
Are we heading for a weekend push higher or another rejection at the ceiling? Drop your take below 👇
#BTC #bitcoin #crypto #bullish #CryptoNewss