Bitcoin: Breaks Above $80K as Trader Opens $36M Long

Bitcoin breaks above $80K. Trader 0xaeaa chased the move and opened a 450 BTC long worth $36.4M. The position is already up $276K in unrealized profit.

Price sits at $80946.51 in a bullish trend with EMA50 at $77484.19 and EMA200 at $74749.41 acting as concrete support. With BTC testing upper Bollinger resistance at $79872.29 while RSI(14) flashes 78.73 overbought and MACD shows a 594.62 golden cross, a healthy retracement toward the 50-EMA support at $77484.19 looks probable before further continuation in this crypto derivatives trading setup.