Can Bitcoin Sustain Break Above $80,000?

Bitcoin has broken above $80,000 for two consecutive days, but can it hold its ground and close above $83,000?

The cryptocurrency's price rose to $81,228 on September 19, marking a first daily close above the significant level since September 7.

Sellers have consistently pressured Bitcoin lower near this threshold since August 25, thwarting multiple advances in the low $82,000s.

A surge on September 18 was largely driven by forced buying from short position liquidations and a $592.5 million influx into spot Bitcoin ETFs.