Bitcoin Breaks Through $85K, Eyes on Crucial Resistance Zones

Bitcoin's price has surpassed $85,000 and market attention is now focused on key resistance levels.

A significant portion of short position liquidations in the past 24 hours exceeded $750 million, with a large portion of this activity centered around the $85,900 level for BTC.

The range between $80,000 and $81,000 is being closely watched as the primary support area in the near term.

A recent analysis by Santiment showed that network activity during the 18 September rally was weaker compared to the August movement.