Bitcoin Surges Over 5% to Break $80,000 Amid Short Liquidations

Bitcoin (BTC) jumped 5.49% on Sep. 18, reaching an intraday high of $81,258 and trading around $80,600 after opening the day at $76,417. The move broke the $80,000 level and placed price above the 20‑, 50‑, 100‑ and 200‑day simple moving averages.

Key price action

• Price recovered from a monthly low of $75,560, first stabilising near $76,000 before advancing through $78,000 and $80,000.
• The daily candle closed strongly positive, with a body covering more than $4,000.
• To confirm a higher‑high, Bitcoin needs a daily close above roughly $82,000.

Technical indicators

• Daily RSI rose to 62.93, above its 57.38 moving average, indicating strengthening upward momentum but still below the overbought threshold of 70.
• On the 4‑hour chart, the Supertrend indicator flipped bullish, placing trend support near $77,828.
• Aroon Up reached 100% while Aroon Down fell to 14.29%, signalling a sharp short‑term momentum shift.

Liquidity and liquidation zones

• CoinGlass heatmap shows leveraged short positions clustered around $81,500–$82,000 and extending toward $84,000.
• Liquidity bands below the market sit near $80,000 and $79,300, with larger clusters between $76,000 and $77,500.
• A break above the intraday high of $81,258 could trigger short liquidations and add buying pressure.

Analyst perspective

Analyst “Batman” noted that Bitcoin appears to have broken out of a descending‑channel pattern that previously preceded a 24% gain, suggesting continuation potential if the price holds above the channel and clears the $82,000 resistance.