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Bitcoin breaks $85,000, eyeing $100,000 as short squeeze fuels momentum

Technical Signals
22 Sep 2026
UToday
View Source
Bullish
Bitcoin breaks $85,000, eyeing $100,000 as short squeeze fuels momentum

Bitcoin surged past $85,000, driven by a strong short squeeze that liquidated over $500 million in short positions, pushing the price closer to the $100,000 mark. Technical indicators show Bitcoin has overcome key resistance levels, including the 200-day moving average, signaling bullish momentum. However, sustaining this rally depends on real spot demand after short liquidations subside, with the next critical resistance zone between $87,000 and $90,000. If Bitcoin holds above $80,000 during pullbacks, the path to $100,000 remains open.

Bitcoin's market cap on Pluang stands at Rp30.591,83 trillion as of September 22, 2026, 15:21 WIB, highlighting its significant scale in the digital asset market. The 24-hour trading volume is Rp1.075,54 trillion, indicating active trading despite a Pluang order activity skewed towards selling at 65%. Bitcoin trades at Rp1.527.000.000 with a 1-day gain of 4.83%, showing continued momentum consistent with the article's note on recent price surges.

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