BTCUSD: The Short Squeeze Is Over — Can Bitcoin Continue Rising?

Now that the squeeze has lost momentum, the market is searching for a new balance. Can Bitcoin maintain its bullish momentum, or is a correction becoming more likely?

$80,000: The Key Level to Watch

The $80,000 mark is now a crucial level for BTCUSD. Holding above it could help sustain positive market sentiment and create conditions for another upward move. A return below this level, however, could weaken bullish expectations and increase the risk of a deeper correction.

If buying pressure continues and broader market conditions remain supportive, Bitcoin could attempt to advance toward the $86,000–87,000 zone.

Macroeconomic Risks Remain

Despite the S&P 500 trading near all-time highs, the macroeconomic backdrop remains challenging for cryptocurrencies. Elevated U.S. Treasury yields and a strong U.S. dollar can limit demand for risk-sensitive assets, including Bitcoin.

The next move will depend on whether buyers can maintain control above $80,000 and whether broader market optimism can offset these macroeconomic headwinds.

The key question is whether Bitcoin can build a stable base above $80,000 or whether the end of the short squeeze will lead to a loss of momentum. Traders should monitor price action around this level alongside movements in the U.S. dollar, Treasury yields, and equity markets.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any financial instrument. Cryptocurrency and CFD trading involve significant risks, including the potential loss of capital.