Bitcoin: Climbs Above $84,000 on $260M Short Liquidations

Bitcoin rises above $84,000 for the first time since January 31 as $260 million worth of levered shorts get liquidated in 60 minutes.

Price action shows BTC testing upper Bollinger resistance at $83647.29 while RSI(14) hits 82.75 overbought and MACD confirms bullish golden cross at 1164.51, so a healthy retracement toward EMA50 support at $79339.36 looks probable before continuation. Traders watching BTC price prediction models now factor in this short squeeze dynamic amid elevated leverage across derivatives desks.