Bitcoin's price hit a wall after breaching $81,000 earlier this week following some consolidation around $79,000 per coin.

Bitcoin surged past $79,000 as a massive $2.7B short squeeze, US Treasury bond buybacks, and strong ETF inflows fueled a rapid recovery from the

Bitcoin blasted past $79K Monday on ETF demand and short liquidations before hitting resistance as major catalysts loom.

Bitcoin's price surged further on Monday, flirting with $80,000 after U.S. exchange-traded funds had their best week since October.