Crypto
Bitcoin Reclaims $81,000 as $104M Shorts Liquidated in 12 Hours
Bitcoin has reclaimed the $81,000 mark after a significant liquidation of short positions. In just 12 hours, $104 million worth of shorts were closed out, indicating a shift in market sentiment.
The BTC price currently sits at $76,683.64, above key support levels including the EMA50 at $76,651.03 and EMA200 at $69,618.82. This confirms the bullish trend structure, but also suggests that the price is testing upper Bollinger resistance near $80,489.27.
Technical indicators are mixed, with the MACD death cross signaling fading momentum, while the RSI remains neutral at 58.91. This may indicate a pullback towards the 50-EMA before any fresh advance in BTC price prediction models.