Bitcoin: Hits $70,000 With Record $2.74B Short Liquidations
Bitcoin reaches $70,000 while Ethereum hits $2,300 and $180 billion flows into crypto markets as $2.74 billion shorts liquidate in 24 hours.
SourceAnalysis
Bitcoin climbed to $70,000, its highest level in over two months, while Ethereum reclaimed $2,300 for the first time in over three months and nearly $180 billion entered the crypto market in a single session.
BTC price action on the 4h chart shows price testing upper Bollinger resistance at $68414.15 with RSI(14) at 85.74 already overbought and MACD confirming a golden cross at 1097.9, so a healthy retracement toward the EMA50 support at $64445.38 looks probable before the next leg higher.
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