Bitcoin: $80,000 Tests Target Short Liquidations

Bitcoin cleared the Friday low after liquidity was swept beneath it during the Binance hack correction, positioning the market for tests at $80,000 according to Michaël van de Poppe. The analyst flagged $78,800 and $79,800 as the most obvious levels where shorts could be taken next, noting that a break of the latter would likely trigger fast upside acceleration following several days of consolidation.

Price action remains constructive above the $75,000 bid zone, with van de Poppe stating he would add aggressively on any deeper pullback while expecting limited downside risk overall. The move higher would mark the strongest recovery seen during a hack-related event in the past year.

At $78,042, BTC trades inside its 4h Bollinger Bands with the upper band at $80,695 offering the next volatility target. The EMA50 at $79,366 acts as immediate resistance while the EMA200 at $81,196 caps the broader structure; a sustained push through the 50-EMA would align with the $80,000 test. Neutral RSI at 44.23 leaves room for continuation, and the MACD golden cross at -594 supports building bullish momentum despite the bearish EMA slope, pointing to a likely retest of upper-band resistance before any deeper retracement.