Bitcoin's break back above $80,000, squeezing shorts along the way, marks a serious momentum shift. Per @Nellykingston1, it reclaimed $81,000 for the first time since May, liquidating $415M of short positions. x.com
DΞFI PΞNIΞL
DeFi Researcher, Marketing & Advisory at Ronin Network
Bitcoin looks set for a massive short squeeze over the next few days: a large liquidity cluster has formed around $84K on the three-day timeframe, giving price a clear target. x.com
Kevin Warsh's very dovish statement supports the Bitcoin pivot-low scenario and a move higher this quarter. In this favored scenario, Bitcoin makes another higher high in the $90k-$100k area, the stock market reaches new all-time highs, and altcoins follow suit. x.com
Long-term-holder coins bought above $85K leave Bitcoin facing resistance there. Short-term-holder cost bases provide support below, and realized losses are shrinking with each dip. Bitcoin has closed above $85K on only five days since January, never more than three in a row. x.com
The current crypto-market shock was needed to form a bottom. Bitcoin will not fall below $60,000 again. x.com
Bitcoin's resilience around $80k through the Fed decision leaves the $87.4k monthly-close bet intact if that floor holds, despite the missed $87k squeeze. The Fed held rates, two voters wanted a hike, and a December hike is now about 85% priced; BTC briefly reached $81.2k before giving it back. The October low is $79.2k; losing $80k would put $76k in play. x.com
Bitcoin's pre-FOMC pump looks vulnerable because such moves usually retrace afterward and sweep below prior lows. That pattern now points to roughly $78K. Earlier, liquidations into FOMC and Bitcoin's strong hold near $80K despite another $79K test had suggested the correction might be over and that it could be a bad time to be bearish. x.com x.com
Bitcoin has broken $80K, with $84K+ in sight as the next stop if it holds. US stocks back above all-time highs and a V-shaped recovery set Bitcoin up for a range break, with a weekly close above the $74K zone as the key tell. x.com
Bitcoin gains a major legitimacy signal from ICE's involvement in a Hyperliquid futures venture, giving prospective buyers cover to invest. Per @standuquesne, trade.xyz is partnering with ICE to bring 24/7 perpetual futures on Hyperliquid to the US. Despite nonstop bad headlines keeping price near $80k, crypto fundamentals are improving; bitcoin may need only time, even if it chops or dips to $76k first. x.com x.com
Bitcoin still needs demand and short open interest before a bottom can be expected. Price reversed after taking liquidity at $84.6K; the nearest liquidity below is $79.6K, while $87K remains the strongest zone above and $90K is now the next target. Patience is warranted until that demand and short interest arrive; no bottom is expected yet. x.com
Bitcoin is nearing resistance after a strong week, and the SEC's move provides real support for the whole crypto ecosystem, ETH included. A breakout would bring the $98K–$100K area into view as the next major resistance, but the breakout needs to happen before getting excited. x.com