BTC price to attack $80K shorts on Iran peace deal: Five things to know in Bitcoin this week Bitcoin traders predicted a short squeeze to $80,000, but a lack of overall demand and the return of leverage sparked warnings of more liquidation events to come.
Bitcoin (BTC) starts the final week of May with traders optimistic about an $80,000 rebound — will it end up as a liquidity grab? – Bitcoin recovers from its trip to monthly lows as shorts above $80,000 could get squeezed next. – Excitement is growing over a US-Iran peace deal, and stock markets are already heading to record highs. – Inflation pressures remain a headache for the Federal Reserve as PCE data for April is released. – Binance has seen conspicuously high net BTC inflows over the past ten days and has added 16,000 BTC in a month. – Bitcoin faces multiple bearish catalysts, research warns, predicting a “large liquidation event” as a result
Bitcoin shorts face “significant” pressure at $80,000 Bitcoin price action struggled over the weekend, dipping below $75,000 to its lowest levels since mid-April, per data from TradingView. A rebound then brought $77,000 back into focus in line with optimism around a US-Iran peace deal. BTC/USD one-hour chart.