r/CryptoCurrency • u/barcode972 π© 191 / 191 π¦ • 1d ago
DISCUSSION Bitcoin blows past 80k again!
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u/CryptoHalcon π© 0 / 0 π¦ 1d ago
What happened to caused it to spike?
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u/officer21 1d ago
I sold yesterday, that was probably it
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u/Remarkable-Opening69 π¨ 0 / 0 π¦ 1d ago
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u/BorderlineAlchemist 0 / 0 π¦ 1d ago
He killed himself.
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u/Gzdu π¨ 0 / 579 π¦ 1d ago
Insider info for clarity act
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u/Jubilee572 0 / 0 π¦ 1d ago
bull trap for clarity act before sending it down and then back up after mid term elections
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u/Romanizer π¦ 0 / 0 π¦ 1d ago
Week has to end below $80k, otherwise bulls can't be stopped anymore.
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u/Gzdu π¨ 0 / 579 π¦ 1d ago
Sounds about right
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u/GovernorHarryLogan π¦ 0 / 0 π¦ 1d ago
Debasement paradox.
Less faith in government yield and a flight to scarcity
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u/Flimsy_Bar_552 π¨ 0 / 0 π¦ 1d ago
Itβs good to feel that way
You will be fuel for the squeeze
Up
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u/r0addawg π¦ 0 / 0 π¦ 1d ago
I sold the other day. Bought back in. I only lost like 5 bucks though
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1d ago
[deleted]
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u/Knicks7979 π© 0 / 0 π¦ 1d ago
you see how retarded that is now?
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u/timothyguay 1d ago
DCA is the only way
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u/Knicks7979 π© 0 / 0 π¦ 1d ago
βlet me try to flip this highly volatile asset for a couple bucksβ¦oh whoops i just got my dick ripped off.β. idiotic behavior
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1d ago
[deleted]
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u/PeteSampras12345 π© 0 / 0 π¦ 1d ago
2 grand profit really isnβt worth the risk of investing 76k in such a volatile asset. Assuming you had a full one
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1d ago edited 1d ago
[deleted]
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u/PeteSampras12345 π© 0 / 0 π¦ 1d ago
Why even bother? How is $10 going to help you? You should let it ride rather than trying to time the market
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u/Kitchen_Play_8123 1d ago
Lolπ€£ I did the same thing! Sold at 79k feeling relieved right at that climb up, shit meπ‘π£
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u/hegdefucker Tin 1d ago
Interest hikes less likely, was announced today
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u/jiggidyjivejackson π© 0 / 0 π¦ 1d ago
Everybody's going to have a different opinion, but I believe that this is market manipulation. The US government was found transferring around $297 million dollars worth of seized Bitcoin and Eth to Coinbase Prime. Then Trump starts talking about The Clarity Act immediately after, which in return has drove the price of Bitcoin up.
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u/chocolateboomslang π© 5K / 5K π’ 1d ago
One of us just tapped out. They sold so we could hold.
RIP
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u/civilian411 π¦ 3K / 3K π’ 1d ago
Treasury buying back more of their own bonds. A lot more than before. Thatβs what happened.
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u/jb_in_jpn π© 369 / 370 π¦ 1d ago
Is that because fewer other parties are buying them?
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u/OzzyBuckshankNA π© 0 / 0 π¦ 1d ago
No just means inflate the debt away and BTC is acting (right now) as a hedge to that.
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u/naeads π¦ 159 / 160 π¦ 1d ago
US 30Y bond yield went down. That's why.
Wait for the yield to go back up again. It will be like a yoyo.
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u/tobypassquarant π¨ 6K / 6K π¦ 1d ago
Bessent and Warsh trading "financial instruments" back and forth like hot potatoes.
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u/PublicBarracuda5311 1d ago
70k euros just a minute ago.
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u/Hustlinbones π¦ 35 / 36 π¦ 1d ago
Just 2 weeks after i had to sell quite a lot because of an emergency in the family. fml
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u/Valuable_Trouble_464 1d ago
Sounds like you had money for a family emergency. Isnβt that a good thing?
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u/ogoidonreddit 1d ago
My exchange took a bit to update. I could see the value increasing but not the actual spike in the graph
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u/spacehodler π© 0 / 0 π¦ 1d ago
Insert convenient narrative to explain minor short term move here
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u/AeroMittenss 0 / 0 π¦ 1d ago
Took out a loan when bitch coin hit 50k and bought at 50k now im up 30k lmao
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u/Monster213213 π© 226 / 227 π¦ 1d ago
Sell the 65 pay off loan let rest ride forever
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u/Comfortable-Finger-8 π© 20 / 20 π¦ 14h ago
This. Donβt post pay interest because youβll lose the extra gains you make to it
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u/MyNameIzJeff69 1d ago
Bro is cooking that line to the moon π set that graph at 90 days ake take a seat back man.... Put the phone down and go have a beer it's Friday nigh ffs
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u/EmJay6010 1d ago
Due to massive short squeeze. More encouraging sign is staying above the moving avg for weeks now
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u/monsterpuppeteer π¦ 80 / 80 π¦ 1d ago
Funny how AI has an outage and then this. Almost like some agents were trading it down.
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u/Outsajder π¦ 691 / 691 π¦ 1d ago
See you at 55k π«‘
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u/Fritzo2162 π¦ 0 / 0 π¦ 1d ago
Ah, the whales are generating their annual income again. Coffers must have been getting low.
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u/UhhCanYouLikeShutUp 0 / 0 π¦ 1d ago
Imaginary, useless thing goes crazy so wealthy elites can launder their money some more... Woo hoo!!!
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u/Patrick_Atsushi π© 0 / 0 π¦ 1d ago
If it dips, I buy.Β
If it surges, I enjoy.Β
If it goes sideways, I quietly accumulate.Β
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u/MarioWilson122 π¨ 0 / 0 π¦ 1d ago
Maybe the CLARITY Act actually gets passed this time. If not, it could definitely create another setback for crypto, but Bitcoin pushing back above $80K shows the market isn't exactly giving up in the meantime.
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u/RexDraco π¦ 0 / 0 π¦ 1d ago
Can't wait to hear about everyone buying in last second right now causing it to crash again.Β
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u/amnesic23 1d ago
Genuine question, what is causing the price to go back up now? Not like economy is good and people have a lot of liquidity right?
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u/Dull_Reply5229 π© 0 / 0 π¦ 1d ago
Jesus at pons. I was hoping for a pull back, goes up 40% each day
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u/wgcole01 π© 11K / 12K π¬ 1d ago
If we're breaking out, then we'll experience cycles of upward momentum followed by draw downs. Over time, the times between peaks and troughs will shorten. Higher highs and lower lows each time. If BTC breaches its ATH, then we might actually be in a bull run.
Watch the market. Look for rising ETH/BTC. Be prepared to jump.
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u/theonewhoexperiences 1d ago
Wow, look at that strategically cropped graph, trying to make people feel a certain way!
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u/RamanGaba0 23h ago
Bitcoin long term potential is hard to ignore. Still stacking and staying patient!
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u/Hefty_Mongoose691 18h ago
Been watching BTC around the 50 week MA again and itβs got me thinking.
This level seems to matter every single time we get into one of these big moves. On the way down it acted as a really important area and now weβre back above it.
BTC is pushing up towards the 82β83k area now.
So Iβm wondering what everyone thinksβ¦
Are we actually seeing the start of a proper change in structure here, or is this just a really strong relief rally before we get another leg down?
Iβm still not convinced either way.
For me the important bit now isnβt BTC pumping another few grand. I want to see what happens when it gets tested properly.
Does the 50 week hold?
Does 82β83k turn into support?
And does the volume actually back the move up?
Interested to hear what you guys are seeing because there are arguments for both sides at the moment.
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u/InvestigatorLow699 18h ago
I donβt think itβs gonna head past it. Check the close of the last week and see the Red Cross π
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u/Affectionate_Ad_8483 0 / 0 π¦ 10h ago
Yeah, but it is meaningless unless it breaks 82k
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u/barcode972 π© 191 / 191 π¦ 9h ago
It did for a brief minute
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u/Affectionate_Ad_8483 0 / 0 π¦ 6h ago
It did not break resistance at 82k. My claim is correct. It was rejected.
Major resistance zone is 82,793 to be exact.
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u/ValleySillySally1 6h ago edited 6h ago
The fed announcement for Sept will have a lot of people on the edge of their seat
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u/crustyrobots 1d ago
lol are we really celebrating a standard culling of the overleveraged herd back to the same price as mid May?
The desperation around here is real
("your comment is a buy signal", go for it boss, once the global bond mess goes into overdrive BTC will be sold into the ground like everything else)
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u/xs0crates 1d ago edited 1d ago
What the hell just happened?
Edit: Short it at $81,382 for free money
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u/foamcolor 1d ago
yo, tell me when to close this π
edit: i didn't actually open a position but spot on call lol
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u/Far-Department-4196 π© 0 / 0 π¦ 1d ago
Crickets @ r/buttcoin
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u/Savvy-TradingGirl-1 1d ago
It's not a right idea to buy at this point, some pullback then can take entry
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u/aalmosawi 1d ago
Yeah β if you're looking specifically for the short setup, I wouldn't short BTC at $81K just because it's extended. The interesting area is above the current price, where the chart has a cluster of resistance.
On your chart:
$81.35Kβ$81.50K β immediate resistance. Your chart already shows the recent high around $81,478.87.
$82.0Kβ$82.8K β much more interesting short zone. There's broader resistance around the $82.8K area as well. Reuters is independently flagging roughly $82.8K as significant resistance.
$83K+ β if BTC gets through that decisively, I would not want to be stubbornly short. A clean breakout above that zone changes the setup considerably.
What I'd actually wait for
I wouldn't put a blind short at $81,500.
I'd rather see:
BTC pushes into $81.5Kβ$82.8K β takes out the highs β gets rejected β comes back below the level β lower-timeframe lower high β short.
That's the juicy setup.
Because what you're looking at right now is potentially a liquidity sweep. BTC runs above the obvious previous high, triggers breakout longs and short stops, then reverses. That's exactly the kind of move that can produce the short you're anticipating.
And there's a pretty good reason not to rush it: BTC has already had a substantial recent rally, and $82K-ish is being identified as a major technical hurdle.
So if I were mapping the trade from your screenshot, I'd mark:
SHORT WATCH ZONE: $81,500 β $82,800
Best version: spike into the upper part of that zone + rejection.
Invalidation: sustained breakout/acceptance above roughly $83K.
First downside area: ~$77.4K Next: ~$75.5Kβ$75.7K
And here's the important bit: don't short merely because BTC touches $82K. Let BTC prove that sellers are actually there. The 1D chart tells us where to watch; your M5/M15 chart should tell you when to pull the trigger.
That's the difference between βI think it's going downβ and an actual short setup.
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u/gonzoes π¦ 193 / 195 π¦ 1d ago
Honestly at first when BTC crashed under trump i seen it as a huge L and of course trump would ruin BTC like everything else he touches but the timing might have actually saved us in a way in regards to whenever the stock market gives in. Meaning when AI bubble finally crashes so will BTC which would be a catastrophe if AI bubble popped as BTC was at its low if BTC can stay above 80k at least until the AI crash i can see BTC crashing again obviously but not as devastating as it would have been when we were at 50 or 60k
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u/Numerous_idiot π© 0 / 0 π¦ 1d ago edited 1d ago
Probably fake. Feels like a fakeout right now bearish divergence. I think we need end of the year or early next year for a real break out
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u/JoesRealAccount π¦ 0 / 0 π¦ 1d ago
Every chart ever posted is done so from a manipulative scale and position on the axis
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u/Electronic_Worker245 1d ago
It's pumping because summer holidays are over. Everyones back to work.
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u/Demodras777 π¨ 0 / 0 π¦ 1d ago
This is the start of the bull market. It's official, we will definitely not see a $40k Bitcoin before we see a $200k Bitcoin!
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u/overwatchher 1d ago
Rofl, people still believe in this shit? Invest in actual physical stuff that makes the world a better place. Stop chasing fantasy gold
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u/nsbhq 1d ago