bitcoinhits

$BTC recently hit a 12-week high before pulling back. It is now working to hold above the $77,000 mark. According to van de Poppe, $79,000 is the critical resistance line.
A clean break above it would open the door to a move between $86,000 and $95,000. From there, $110,000 becomes the next target over a six-month window.
#BitcoinHits #BinanceLaunchesGoldvs.BTCTradingCompetition

#BitcoinHits $80,000 MARKET VALUE

Bitcoin officially broke the $80,500 psychological barrier today, May 4, 2026, hitting a high of $80,595 in early trading. This marks its highest price level since January 31, 2026.1
$BTC
Institutional Inflows: US spot Bitcoin ETFs recorded massive interest, including a single-day net inflow of $629.8 million on Friday, May 1.Geopolitical Relief: Markets reacted positively to a reported de-escalation in Middle East tensions and the announcement of "Project Freedom," a US-led initiative to escort vessels through the Strait of Hormuz.Legislative Momentum: Optimism is growing around the CLARITY Act, a legislative compromise aimed at resolving standoffs over stablecoin yield frameworks.Short Liquidations: The rapid price jump triggered over $250 million in short-position liquidations within 24 hours, further fueling the upward momentum.
👍✅👀📈📊💹Over 150 million dollars in crypto shorts liquidated in the last hour.

Rapid move caught bears off guard.

Short squeeze dynamics are kicking in.