Bitcoin: Surges Above $81,000 With $300M Liquidations
Bitcoin hits $81,000 as levered crypto liquidations reach $300 million in four hours, with 4h chart showing overbought RSI at 78.58 amid bullish MACD.
SourceAnalysis
Bitcoin surged above $81,000 while total levered crypto liquidations hit nearly $300 million in four hours.
Price action at $80900.53 sits in a bullish trend with EMA50 at $77482.39 and EMA200 at $74748.95 acting as layered support. MACD at 590.95 confirms the golden cross continuation, yet RSI(14) at 78.58 signals overbought conditions while price tests upper Bollinger resistance near $79856.84.
With price testing upper Bollinger resistance at $79856.84 while RSI flashes overbought at 78.58, a healthy retracement to the 50-EMA support at $77482.39 seems probable before further continuation. Traders watching BTC price prediction models now focus on whether this move sustains or exhausts volatility bands.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.
Premium Sponsors
.jpg)