Bitcoin: $1.2B Shorts Liquidated on Climb

Bitcoin climbed higher after $1.2 billion in shorts faced liquidation.

Price sits at $77542.36 inside Bollinger bands with upper resistance at $78788.1. The 50-EMA at $67502.08 and 200-EMA at $65002.58 continue to act as layered support while MACD holds its golden cross at 3201.79. RSI at 94.51 signals overbought conditions, suggesting a healthy retracement toward the 50-EMA before continuation. Traders watching BTC price prediction models now factor short liquidation impact into near-term volatility targets.