Bitcoin: $85K Break Liquidates $648M Shorts
Bitcoin hits $85336.79, triggering $648M in short liquidations as RSI hits 84.33 and MACD confirms bullish momentum on the 4h chart.
SourceAnalysis
Bitcoin pushed above $85K to $85336.79, wiping out $648M in crypto shorts in a single session.
Price tested upper Bollinger resistance at $84331.49 while RSI(14) printed 84.33, signaling overbought conditions. The MACD golden cross at 1398.31 keeps the broader structure bullish, with EMA50 at $79582.57 acting as the next logical support before any continuation higher. Traders watching BTC price prediction models now eye a healthy retracement to that level rather than immediate exhaustion.
Bitcoin technical analysis shows the move aligns with sustained institutional flows, separate from any crypto market crash narrative, as the 200-EMA at $75741.82 remains distant support.
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