Bitcoin: Reclaims $74,000 With $52M Shorts Liquidated
Bitcoin reclaims $74,000, surging +2.10% and adding $32.34B to market cap as $52M shorts liquidate within 50 minutes.
SourceAnalysis
Bitcoin reclaims $74,000 after a sharp +2.10% move that added $32.34 billion to its market cap and triggered $52 million in short liquidations inside 50 minutes.
Price sits at $74,227.92 on the 4-hour chart inside a bearish structure defined by EMA50 at $75,589.51 and EMA200 at $76,868.50. The MACD has printed a golden cross at -745.05 while RSI holds neutral at 44.2, showing momentum is shifting but not yet overextended. With price pressing the upper Bollinger Band at $76,835.94 and the lower band offering support at $72,084.32, a healthy pullback toward the 50-EMA appears probable before any sustained continuation higher.
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