Bitcoin has pushed above $85,000, despite the recent Fed hike and the U.S. Senate’s failure to advance the CLARITY Act. BTC is now around an 8-month high.
But here’s what makes this move interesting:
🔸 ~$300M+ in short liquidations helped accelerate the breakout.
🔸 U.S. spot Bitcoin ETF flows rebounded after heavy midweek outflows.
🔸 BTC reclaimed its 50-week moving average, a level it had stayed below for roughly 45 weeks.
👀 NOW THE MARKET HAS A NEW QUESTION
The old $80K–$82K resistance zone is now behind price
A
bove $85K, traders are watching the $89K area as the next major technical level.
But there’s a catch:
A big part of the initial move came from shorts being forced to close. The next test is whether fresh spot demand and ETF buying can keep BTC above the breakout zone after the short squeeze fades.
So what happens next? 👇
🟢 BTC holds $85K → $89K comes into focus
🔴 BTC falls back below the breakout → pullback risk increase
Breakout or pullback? What are you watching?
$BTC $ETH $SOL
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