Bitcoin: Tests at $80,000 After Liquidity Sweep

Bitcoin cleared liquidity beneath Friday's low during the Binance hack correction and now eyes tests at $80,000, according to Michaël van de Poppe.

With the long side taken, the next focus shifts to short liquidation zones at $78,800 and $79,800. A break of the higher level could trigger rapid acceleration after several days of consolidation, while deeper moves below $75,000 would draw aggressive bids.

Bitcoin trades at $78,011.59 inside the Bollinger Bands on the 4h chart, with price pressing toward upper-band resistance at $80,693.9 while the 50-EMA at $79,364.98 and 200-EMA at $81,196.07 cap upside. The MACD golden cross at -596.79 supports continuation higher, yet RSI at 43.88 leaves room before overbought conditions emerge, suggesting a measured push into the short-liquidation zone before any volatility exhaustion at the upper band.