Bitcoin: Breaks $76,000 With Record Short Liquidations
Bitcoin breaks $76,000 for first time in three months after $14,000 rally that liquidated $4 billion in shorts and added $250 billion to market cap.
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Bitcoin just broke $76,000 for the first time in three months as the token surged $14,000 from $62.7k to $76.5k in four days, triggering $4 billion in short liquidations and lifting market cap by more than $250 billion.
The move marks the largest short liquidation streak in crypto history and occurred without any major catalyst. BTC price prediction models now face renewed scrutiny after the vertical advance, while traders watch whether the absence of fundamental drivers sets up a classic blow-off top.
Price currently sits at $77655.68 inside the Bollinger Band with upper resistance at $77858.14. RSI(14) at 94.53 flashes deep overbought territory while MACD registers a bullish golden cross at 3074.77. With price testing upper Bollinger resistance while RSI signals exhaustion, a healthy retracement toward the 50-EMA support at $67129.97 appears probable before any continuation higher.
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