Bitcoin: Breaks Above $85,000 as Shorts Liquidate

Bitcoin broke above $85,000 and Ethereum cleared $2,750, triggering $26.29 million in short liquidations on Hyperliquid for traders 0x06bc and 0xec0b.

With price testing upper Bollinger resistance at $83558.22 while RSI flashes overbought at 82.09, a healthy retracement to the 50-EMA support at $79328.85 seems probable before further continuation as the bullish MACD golden cross at 1143.14 holds above the 200-EMA at $75644.28.