Bitcoin Smashes $80K as $260M in Shorts Get Wiped Out: Here Are the Next Targets
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Bitcoin’s price revival that began last Wednesday culminated as BTC surged past $80,000 and tapped above $81,000 for the first time since mid-May. Analysts now point to near-term targets up to $88,000 and the rally forced over $260 million of short liquidations in the past four hours, indicating bullish momentum and elevated volatility in crypto markets.
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Bitcoin’s price revival that began last Wednesday culminated, at least for now, a few hours ago when the asset soared past $80,000 for the first time since mid-May and tapped a multi-month peak above $81,000.
Analysts were quick to pick up the move and outline the next short-term targets of up to $88,000. BTC’s surge also led to an increase in liquidated short positions as the total value exceeded $260 million in the past 4 hours.
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