Bitcoin ($BTC) broke through a major sell wall at $80,000, triggering more than $250 million in short liquidations as bullish momentum accelerated across the cryptocurrency market.
The breakout forced bearish traders to cover positions, adding further buying pressure and reinforcing Bitcoin’s move above one of its most closely watched technical resistance levels. The liquidation cascade marked one of the largest short squeezes in recent weeks.
Market participants are now watching whether Bitcoin can maintain support above $80,000. If the breakout holds, the next key resistance levels are seen around $82,000, $85,000, and $88,000, which could determine the next phase of the rally.
