Bitcoin: Reclaims $74,000 After 86 Days
Bitcoin reclaims $74,000 for first time in 86 days with +17% surge adding $11,000 in two days and $3.6B short liquidations.
SourceAnalysis
Bitcoin reclaims $74,000 for the first time in 86 days after a +17% surge that added roughly $11,000 in two days and lifted market cap by more than $220 billion.
$3.6 billion in short positions were liquidated over the last 72 hours, accelerating the move as BTC price action cleared the prior range.
Price sits at $75073.75 inside the upper Bollinger Band near resistance at $75201.38 while RSI(14) prints 92.76 in overbought territory and MACD remains bullish at 2543.25; the 50-EMA at $66328.19 now serves as the key support zone that must hold for continuation, with any healthy retracement likely to test that level before the next leg higher.
Bull Theory
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