Bitcoin Price Prediction: BTC Broke $80,000 for First Time in 15 Weeks

Bitcoin just punched through $80,000 for the first time in almost 15 weeks. This is very bullish for Bitcoin price prediction, and the mechanics behind the move matter more than the headline number. This is one of the sharpest 8-day advances Bitcoin has posted since 2021.

Price is trading near $80,513, up roughly 2.02% on the day, but the real story is underneath the surface.

The rally has added an estimated $350 billion to Bitcoin’s market cap since late July, driven by renewed spot ETF inflows, a shift in Treasury buyback policy, and a wave of forced short covering.

Source: CTLiquidation trackers show roughly $335 million in BTC positions wiped out, nearly 84% of them shorts. That is a squeeze, not pure conviction buying.Bitcoin has now clawed back 38% from its July 1 low near $57,700, erasing the entire May drawdown.