Bitcoin at Macro Support: Bears vs. Bulls Battle $80K
BTC sits at its 2-year moving average after breaking below $80K temporarily, with Peter Schiff calling for $75K, short positioning dominant in perps, and bulls like econoar dismissing the bears — Schiff's call may have marked the bottom.
What we know
An account on X notes BTC has recovered back to its 2-year moving average, which has historically marked cycle bottoms. Another account on X warns short positioning still dominates perp markets and spot interest is thin. Another account on X jokes that Schiff's doom post coincided exactly with a BTC bounce. Another account on X remains bearish, warning BTC broke its 60-week trendline and the parabolic is the last line of defense. Another account on X responded to Schiff's $75K call with one word: 'Higher.'
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.