Bitcoin price hits $80K as 24-hour crypto short liquidations pass $220M As BTC tops $80,000 for the first time since May, price analysis warns that the market still needs to sustain higher levels to challenge the bear-market thesis.
Bitcoin (BTC) passed $80,000 after Monday’s Wall Street open as bulls built on last week’s snap BTC price rally
Key points: – Bitcoin hits $80,000 for the first time since mid-May as bullish momentum gathered pace. – BTC price analysis warns that the market still needs to sustain higher levels to challenge the bear-market thesis. Bitcoin returns to $80,000 after 100-day hiatus Data from TradingView showed BTC/USD passing the $80,000 for the first time since May 15, up another 3% on the day before pulling back following the European close. The move spurred an uptick in crypto short liquidations, with these passing $220 million over the 24 hours to the time of writing, per data from CoinGlass.
A band of bid liquidity centered on $76,700, potentially offering support in the event of a downward BTC price reversal. BTC liquidation heatmap.