Bitcoin: Hits Highest Price Since June as $3B Shorts Liquidate

Bitcoin climbed to its highest level since June at $72245.35, triggering $3 billion in short liquidations according to Decrypt Media.

Price action sits inside Bollinger Bands with upper resistance at $72956.87 while the 4-hour structure holds a bullish trend above EMA50 support at $65666.92 and EMA200 at $64425.16. MACD golden cross at 2105.05 confirms momentum yet RSI(14) at 87.42 signals overbought conditions, pointing to a probable retracement toward the 50-EMA before continuation. Traders monitoring BTC price prediction models now weigh short liquidation impact against potential volatility exhaustion at the upper band.