Bitcoin Jumps to $84,175, Highest Since January, as $250M in Shorts Get Liquidated
- —BTC gained 3.3% in under an hour, rising from $81,500 to $84,175
- —About $250 million in short positions were liquidated, CoinGlass data shows
- —First higher high since October as BTC cleared May's peak of $82,850
- —The 50-week moving average at $78,200 is the key support to watch on a pullback
Why it matters: Breaking May's high and reclaiming the 50-week average signals a possible end to the bear market, though a bearish RSI divergence remains a risk.
Source: Newsbit