Bitcoin price rebound faces major test at $83K
Bitcoin price rebounded about 6% over the past 24 hours to trade near $81,300, with a short squeeze and improving technical momentum carrying the price to its highest level in two weeks. Bitcoin price action today Bitcoin (BTC) price traded at approximately $81,330 at the time of writing after reaching an intraday high near $81,741, according to the daily chart. The move extended a sharp recovery from the $75,000–$76,000 area and erased the losses recorded earlier in the week. The cryptocurrency gained roughly 6% over 24 hours, outperforming after a week dominated by tighter monetary policy and uncertainty surrounding U.S. crypto legislation. The rebound accelerated after BTC reclaimed its True Market Mean near $76,660. The move forced traders holding leveraged short positions to buy back Bitcoin as prices moved against them, contributing to more than $250 million in short liquidations over the past day. Forced buying helped BTC clear resistance at $78,000 and $80,000 before testing the low-$81,000 range. Bitcoin-related U.S. stocks also rallied, with Coinbase, Strategy and Robinhood recording strong gains during Friday trading. The price recovery came despite the Federal Reserves first interest-rate increase in three years and the failure of the CLARITY Act in the U.S. Senate. Both developments had weighed on sentiment









