Bitcoin Reclaims $80,000: What Does Technical Analysis Say?
Posted On April 8, 2025
Bitcoin’s (CRYPTO: BTC) roared back to $80,000 on Tuesday, triggering renewed optimism among traders who now anticipate a potential breakout week if price action doesn’t stall.
What Happened: Crypto trader Astronomer on Tuesday shared a breakdown of a well-timed BTC long, executed in real-time as the local low was set.
The move wasn’t based on hindsight, but on a combination of key bullish signals: a stretched CME gap and weekly open above, a fakeout move down on Monday, smart money accumulation while retail was selling, and a broader macro bullish bias that had been building for weeks.
Despite BTC forming a lower low, the reclaim of $80,000 validated the bullish setup.
Astronomer …
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