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📰 【Analyst: Bitcoin Breaks Important Psychological Resistance Level, Buying Pressure Is Strengthening】
BlockBeats news, May 4th, LVRG Research Head of Research Nick Ruck said: "Bitcoin broke through $80k, surpassing the resistance zone that previously limited price movements over the weekend (U.S. time zone). This rapid change has clearly shifted short-term momentum toward the bulls and confirms that buying pressure is increasing after the previous correction."
Zeus Research analyst Dominick John pointed out that as Bitcoin's price breaks through the "important" psychological resistance level, the market is experiencing a technical short squeeze.
Is breaking $80,000 a psychological resistance? Come on. Wall Street report writers don’t create some “important psychological levels” every day just to make a report? This market is just quant funds picking up cheap chips during low liquidity periods, then media start spinning stories. Real buying pressure? Let’s wait for on-chain data to verify. 👇👇👇👇👇