Bitcoin is holding near its recent highs after reclaiming the $80,500 level, a move that has shifted short-term market structure back into recovery mode following support stabilization near $78,500.
Bearish cryptocurrency bets have seen a liquidation squeeze during the past day as Bitcoin and other assets have gone through a price surge. Bitcoin Crosses $80,000 For First Time In Months Bitcoin has enjoyed a surge over the past day that took its price to a peak of $80,500, the highest that the cryptocurrency has traded since the end of January, when BTC was retracing that month's recovery rally.