Bitcoin: Reclaims $80,000 as $86M Shorts Liquidate
Bitcoin reclaims $80,000 and ETH tops $2,450 after $86 million shorts liquidated as Fed rate hike odds drop, with BTC at $81,342.73 on 4h chart.
SourceAnalysis
Bitcoin reclaims $80,000 while ETH climbs above $2,450 after $86 million shorts liquidated in 60 minutes as Fed rate hike expectations fall.
Price action at $81,342.73 tests upper Bollinger resistance at $79,962.65 with RSI(14) at 74.01 overbought yet MACD golden cross at 115.07 locking in bullish structure above EMA50 support of $77,686.01 and EMA200 at $72,180.65, pointing to probable healthy retracement before continuation.
Traders now update BTC price prediction models and crypto market recovery scenarios tied to Fed interest rate decisions impact over the past six months.
Bull Theory
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