Bitcoin: Hits $72K With $3.49B Liquidations
Bitcoin reaches $72K after 11% surge as $3.49B leveraged positions liquidate, $2.92B shorts hit. 4h chart shows overbought RSI at 89.09 near upper Bollinger resistance.
SourceAnalysis
Bitcoin climbed to $72K with an 11% surge, triggering $3.49B in leveraged liquidations including $2.92B in shorts according to DecryptMedia.
Price action at $71864.93 tests upper Bollinger resistance at $70988.13 while RSI(14) prints 89.09 overbought and MACD holds its golden cross. With EMA50 support at $65108.32 and EMA200 at $64250.09 acting as concrete floors, a healthy retracement to the 50-EMA before continuation looks probable. Traders monitoring BTC price prediction models now weigh whether this move avoids a crypto market crash repeat from the last six months.
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