Bitcoin: Falls Below $80,000 With $80M Longs Liquidated
Bull Theory reports Bitcoin dropping below $80,000 and Ethereum below $2,300, with over $80 million in long positions liquidated in 30 minutes.
SourceAnalysis
Bitcoin fell below $80,000 while Ethereum slipped under $2,300, triggering more than $80 million in long liquidations within 30 minutes according to @BullTheoryio.
Price sits at $79,887.78 beneath both the EMA50 at $81,060.67 and EMA200 at $81,708.25, confirming the bearish structure on the 4-hour chart. RSI at 42 remains neutral while the MACD holds a bullish golden cross at -15.53; the market trades inside the Bollinger Bands with the lower band at $79,294.25 acting as immediate support and the upper band at $81,663.04 marking short-term resistance.
Bull Theory
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