๐จ BITCOIN JUST HIT $85,000 โ AND HASHRATE IS TURNING HIGHER! โฟ๐ฅ
Bitcoin has broken above the $80Kโ$82K supply wall and pushed into the $85,000 area, its highest level of the month. Around $300M in BTC shorts were liquidated in roughly one hour, adding fuel to the move.
But the bigger story may be happening under the hood ๐
โก Bitcoin Hashrate is rebounding
โ๏ธ Miner activity is recovering as higher BTC prices improve mining economics.
๐ BTC has cleared the $80Kโ$82K zone that previously acted as major resistance.
๐ฏ The next widely watched technical level is around $89K, near the 100-week moving average.
At the same time, Bitcoin is now entering the $83Kโ$86K long-term-holder supply zone, making this an important area to watch.
Key question:
Will $85K become the new support โ or will Bitcoin face another round of selling here? ๐
#Bitcoin #BTC #BitcoinNews #crypto #CryptoNews #BTCUSDT #BitcoinMining #Hashrate #BinanceSquare #CryptoTrading
@DanaS BTC Update @CryptoJobs3 @Hua BNB
Bitcoin has broken above the $80Kโ$82K supply wall and pushed into the $85,000 area, its highest level of the month. Around $300M in BTC shorts were liquidated in roughly one hour, adding fuel to the move.
But the bigger story may be happening under the hood ๐
โก Bitcoin Hashrate is rebounding
โ๏ธ Miner activity is recovering as higher BTC prices improve mining economics.
๐ BTC has cleared the $80Kโ$82K zone that previously acted as major resistance.
๐ฏ The next widely watched technical level is around $89K, near the 100-week moving average.
At the same time, Bitcoin is now entering the $83Kโ$86K long-term-holder supply zone, making this an important area to watch.
Key question:
Will $85K become the new support โ or will Bitcoin face another round of selling here? ๐
#Bitcoin #BTC #BitcoinNews #crypto #CryptoNews #BTCUSDT #BitcoinMining #Hashrate #BinanceSquare #CryptoTrading
@DanaS BTC Update @CryptoJobs3 @Hua BNB