Bitcoin: Liquidations Clear Path Toward $85K
Bitcoin at $83904.65 clears stops below support with fresh liquidations eyed at $85.3k as 4h structure targets $85k resistance.
SourceAnalysis
Bitcoin cleared stop-losses below local support after the Sunday update and now eyes a fresh push above $85k with additional liquidations stacked at $85.3k.
Price sits at $83904.65 above the EMA50 at $83469.66 and the EMA200 at $79104.7, preserving the bullish trend structure while the MACD death cross at -181.84 signals lingering momentum weakness and RSI at 50.35 stays neutral. Trading inside the Bollinger Bands places the next volatility target at the upper band of $85156.67, yet any rejection there favors a quick retracement to the EMA50 support before continuation higher.
CrypNuevo
@CrypNuevoAn unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.