Bitcoin: Hits $77,000 Liquidating $250M Shorts
Bitcoin reaches $77,000 as $250 million in shorts liquidate on 4h chart with RSI at 94.51 and MACD golden cross intact.
SourceAnalysis
Bitcoin hits $77,000 with $250 million worth of shorts liquidated in the past four hours.
Price action shows BTC trading inside Bollinger Bands near upper resistance at $77,848 while RSI(14) prints 94.51 overbought and MACD registers a bullish golden cross at 3,071.73. The 50-EMA at $67,128 and 200-EMA at $64,881 continue to act as structural support. With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $67,128 seems probable before further continuation. Traders tracking BTC price prediction and crypto short liquidations note this move aligns with recent Bitcoin all-time high price history patterns.
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