Market Flux Event
Bitcoin Reclaims $84,000 and Wipes Out $83 Million in Short Positions as Bulls Target $85,000
Read this in the Market Flux appBitcoin surged back above $84,000 on Sunday, October 11, liquidating nearly $83 million in short positions as bears caught on the wrong side of the move were forced to close leveraged bets against the rally. Ethereum moved in tandem, briefly crossing $2,550 during the same run.
The breakout revived bullish momentum after a period of price pressure, with traders pointing to $85,000 as the next level to watch. A strong weekly close above $84,000 would reinforce the recovery and add technical weight to the case for further gains.
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Sources
- AshCryptoBitcoin just hit $84,000 ETH has broken $2,450 Praying for bullish weekly close!
- BitcoinNews🚨 BREAKING: Bitcoin Price Pushes Toward $84K as Bulls Regain Momentum, Key Support Holds and $85K Comes Into Focus.
- WatcherGuruJUST IN: Bitcoin reclaims $84,000
- PolymarketMoneyBREAKING: Bitcoin surges back above $84,000.
- Crypto BriefingBitcoin tops $84,000 and liquidates nearly $83 million in short bets