Bitcoin Price Reclaims $80K as ETF Demand Offsets Geopolitical Risks
Edwards said similar demand-to-supply readings have preceded average one-month gains of 24%. From current levels, that would place the Bitcoin (BTC) price near $96,000. Still, the setup depends on continued Bitcoin ETF demand and stronger confirmation in the spot market. Bitcoin Tops $80K as Shorts Lose Ground Fast Bitcoin price soaring past the $80K mark also triggered a sharp reset across leveraged positions. More than $108 million in short positions closed within one hour as BTC held above $80,000. CoinGlass data showed short liquidations topped $162 million over 24 hours. Analysts said the break helped confirm buyer strength after the earlier pullback. According to Michaël van de Poppe, $79,000 is the first key level that bulls need to reclaim. The analyst suggests the $86,000 to $88,000 as the next resistance band. A stronger push could open the $92,000 to $94,000 zone for Bitcoin (BTC) price. Analyst Ted Pillows also highlighted the CME futures gap near $84,000. He said Bitcoin first rejected near $79,000 before reclaiming the level. That recovery raised the chance of a move toward the unfilled gap. Bitcoin (BTC) Price Analysis | Source: Ted Pillows, X BTC Price Faces Iran Risk and Liquidity Warnings The BTC price rally unfolded while traders tracked fresh Middle East headlines.