Bitcoin: Surges Above $86,000 With $900M Liquidations
Bitcoin surges above $86,000 as levered liquidations hit $900 million, marking +50% gains in two months and confirming the new bull market.
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Bitcoin surges above $86,000 as total levered crypto liquidations near $900 million in 24 hours, according to @KobeissiLetter. This move places BTC up +50% from its low two months ago and signals crypto has entered a new bull market.
With price testing upper Bollinger resistance at $84668.6 while RSI flashes overbought at 86.14, a healthy retracement to the 50-EMA support at $79620.47 seems probable before further continuation. The MACD golden cross at 1475.4 and EMA200 at $75751.43 reinforce the broader bullish structure on the 4h chart.
Traders tracking BTC price prediction and crypto market analysis note this momentum aligns with sustained bull market momentum seen over the past six months.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.
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