Bitcoin: Shorts Rekt as BTC Hits Weekly High

Bitcoin, Ethereum and XRP climbed to weekly highs, forcing crypto shorts to cover as liquidations accelerated.

Price action shows BTC trading inside Bollinger Bands with upper resistance at $61937.85 while the 50-EMA at $60559.88 acts as dynamic support below current levels at $61832.62. Momentum remains constructive with MACD golden cross at 306.14 and RSI(14) at 62.57, suggesting continuation toward the 200-EMA at $64997.35 before any material pullback. This setup feeds directly into updated BTC price prediction models and reduces odds of an immediate crypto market crash scenario.