Bitcoin: Reclaims $80,000 on Short Liquidations
Bitcoin reclaims $80,000 with $86M shorts liquidated as ETH tops $2,450 after Fed hike odds drop.
SourceAnalysis
Bitcoin reclaims $80,000 while ETH moves back above $2,450 after Fed hike expectations faded, triggering $86 million in short liquidations over the past hour.
Price sits at $80719.28 testing upper Bollinger resistance at $79715.67 with RSI(14) at 71.58 flashing overbought, yet the MACD golden cross at 65.34 keeps the bullish structure intact above EMA50 support at $77661.56; a healthy retracement toward that level appears probable before continuation.
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