Bitcoin Faces a Critical Test at $78K: Could a Short Squeeze Trigger a Rally Towards $85K?

Bitcoin price is trading within a high-volume trading activity, and reclaiming $80,000 could strengthen the recovery towards $85,000 The liquidation heatmap highlights significant potential short-liquidation clusters around $82,000, making it an important resistance to overcome The crypto market has been navigating a heightened period of volatility, with the Bitcoin price struggling to maintain its recovery. The situation intensified following the reported $6.3 billion security breach at Binance, which triggered fresh uncertainty across the market.