Bitcoin: $1.14B Shorts Liquidated Near $70K

Bitcoin at $68662.79 erased $1.14 billion in shorts within sixty minutes as price pressed toward $70K.

Over the past six months BTC has held above the 200-EMA at $63973.59, turning every dip into a launchpad for fresh longs. The current move extends that pattern without signs of exhaustion.

Price now tests the upper Bollinger Band at $67533.7 while RSI(14) prints 85.44 and MACD remains in golden-cross territory. With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $64252.95 seems probable before further continuation. Traders watching BTC price prediction models will note the confluence of momentum and volatility bands favors continuation once that support holds.