Bitcoin Range Breakout Attempt — Eyes on $85K
Bitcoin is making a push to break out of its multi-week range, with traders targeting $85K next. Bears have repeatedly failed to break $79.8K, shorts are being squeezed, and spot holders are advised to stay calm.
What we know
After weeks of consolidation, BTC is showing breakout signs. An account on X says 'there we go, send it to 85k' as BTC broke the range high of ~$80.8K. Another account on X notes bears 'tried to break $79.8k' many times and failed, saying there is 'little incentive to short here.' another account on X sees shorts being squeezed again but warns bulls need 'passive buying into $81K' to sustain the move. Another account on X tells spot holders to 'just chill.' another account on X declares 'everything under 100k is free.' BTC dominance has been climbing as alts bleed -30% to -50% from highs. Another account on X remains short BTC and ZEC with reasons detailed in video.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.