Bitcoin: Blasts Past $80K With Short Squeeze

Bitcoin blasted past $80K to $81231.59, igniting a fresh short squeeze and forcing liquidations across leveraged positions.

Price action now tests upper Bollinger resistance at $79969.96 while RSI(14) at 79.63 signals overbought conditions and MACD(12,26) holds its bullish golden cross at 617.36. With the EMA50 support sitting at $77495.37, a healthy retracement toward that level appears probable before continuation higher. Traders monitoring BTC price prediction models note the move aligns with sustained institutional flows seen over the past six months.