Why Is Bitcoin Price Going Up? Is a $115K Rally Next?

Bitcoin is pushing higher again, climbing nearly 5% to around $81,015 and rebounding from the mid-$77,000s. The move has coincided with more than $603 million in crypto positions being liquidated, including over $523 million tied to shorts. Technical charts point to a bullish W-shaped setup with Bitcoin approaching resistance near $82,917, which—if broken and held—could open a path toward about $99,000 before a potential pullback toward $91,000. The rally is also linked to easing oil-market tensions after Saudi Arabia found alternative supply routes through Oman and U.S. crypto rulemaking progresses.