Bitcoin is struggling around the $80,000 zone after a sharp liquidity sweep cleared whale orders and short positions. Analysts now say $BTC must reclaim $80,000 to keep the move toward the $84,000 CME gap alive.
Bitcoin Sweeps $80K Liquidity as Whale Orders Get Wiped
Bitcoin traded near $79,804 on the 15-minute $BTC chart shared by CryptoCache, after a sharp move into the $80,000 area.
The chart shows $BTC pushing quickly from the lower $78,400 range toward $80,184. The move hit a heavy whale order zone near $80,000, marked by a green circle and arrow.
Bitcoin Whale Orders Liquidity Sweep Chart: Source: CryptoCache on X
CryptoCache said $35.6 million in spot limit orders was wiped out at $80,000. That means price moved into a large liquidity area and cleared resting orders around that level.
The chart also shows several large red sell zones above and near price, including notable whale order levels around $81,000, $82,000, $84,000, $85,000, $86,500, $90,000, and higher.
The analyst expects downside after the move, saying the last shorts from the past seven days were fully liquidated. In simple terms, the upside move may have cleared short-side liquidity, leaving less fuel for an immediate continuation.
If $BTC fails to hold above $80,000, price could return toward the nearby support area around $79,200 to $79,600. A deeper pullback could bring the $78,400 range back into focus.
However, if Bitcoin holds above $80,000, buyers could try to push into the next visible whale order zones. The chart shows $81,000 and $82,000 as the next nearby levels to watch.
For now, the chart shows Bitcoin after a sharp liquidity sweep. The next move depends on whether $BTC can hold the $80,000 area or fades after clearing the short liquidations.
Bitcoin Holds Key Support as $80K Reclaim Could Open Path to $84K CME Gap
Bitcoin traded near $78,441 on the daily $BTC/USDT chart shared by TedPillows, after price broke above $79,000 but failed to hold that move.
The chart shows $BTC still trading above the main green support zone around $75,000 to $76,000. This area has acted as a key base during the recent recovery from the March and April lows.
Bitcoin CME Gap Reclaim Chart: Source: TedPillows on X
TedPillows said Bitcoin needs to reclaim the $80,000 zone to increase the chance of filling the $84,000 CME gap. On the chart, $80,600 appears as the next key level above current price.
If $BTC closes above $80,600, the next upside path could point toward the red resistance zone around $84,000 to $85,000. The chart also marks a possible continuation route from that area if buyers keep control.
However, rejection near $80,000 keeps the setup unfinished. If $BTC loses the $75,000 to $76,000 support zone, the chart points to lower areas near $70,671, then $66,318 to $65,816.
The higher resistance levels remain far above current price. The chart marks $90,235 as a major supply zone and $97,899 as a higher resistance level.
For now, Bitcoin remains between support and resistance. Holding the green zone keeps the recovery structure alive, while reclaiming $80,000 would strengthen the move toward the $84,000 CME gap.
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