Bitcoin breaks $86,000 as short squeeze clears resistance
Bitcoin pushed through $86,000, clearing a resistance zone that had acted as a ceiling for months. The move was linked to forced liquidations and marked the highest level in eight months. More than $648 million in short positions were reportedly liquidated.
Bitcoin rose through $86,000, moving above a resistance area that had capped the token for months. The advance lifted it to its highest level in eight months and was fueled largely by a wave of forced liquidations that converted bearish positions into buying pressure. More than $648 million in short positions were liquidated.