Bitcoin: Hits $85,000 First Time in 9 Months
Bitcoin reaches $85,000 with $4,000 surge and $688.87M liquidations as shorts face $414.52M wipeout in 24 hours.
SourceAnalysis
Bitcoin hits $85,000 for the first time in 9 months after a $4,000 rally that delivered 5.5% gains in 24 hours and a 13% advance over six days.
BTC price action shows $444M in liquidations within four hours, with shorts accounting for $414.52M and longs only $29.5M, pushing total liquidations to $688.87M. On the 4h chart, price at $84558.42 tests upper Bollinger resistance at $83617.1 while RSI(14) at 82.53 signals overbought conditions and MACD holds a bullish golden cross at 1157.35; with price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $79335.84 seems probable before further continuation as EMA200 sits at $75646.05.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.
Premium Sponsors
.jpg)