Bitcoin: Shorts Squeezed as Resistance Tested | Flash News Detail | Blockchain.News
Latest Update
4/22/2026 2:12:00 PM

Bitcoin: Shorts Squeezed as Resistance Tested

Bitcoin: Shorts Squeezed as Resistance Tested

Bitcoin shorts face squeeze at $78K resistance, with bear flag risks and order flow key to BTC price prediction amid bullish signals.

Source
...

Structural resistance challenges Bitcoin as shorts get squeezed, per Material Indicators analysis. @KAProductions notes BTC rejects Q2 2025 Timescape but shows bullish strength, with today's D candle holding above the trend line—first without wicking below. Watch for closure above 21Week SMA at ~$77.7K and trend line ~$75.9K, or whale profit-taking. Resistance stacks to $80K, crowding shorts; monitor order flow for breakdown or squeeze into $80s. Scaling shorts via DCA minimizes chop risk, echoing historical Bitcoin short squeezes and bear flag patterns from recent months.

From a technical confluence standpoint, BTC trades at $78,752.41 in a bullish trend, hugging the upper volatility band at $78,579.51 while the EMA50 at $75,370.43 acts as firm near-term support and the EMA200 at $72,412.25 anchors longer horizons. Momentum holds neutral with RSI at 67.63, but MACD's golden cross at 711.45 screams continuation—expect a tactical pullback to test that EMA50 before bulls reload, especially if order flow flips aggressive amid this squeeze setup, tying into broader BTC price prediction trends and potential crypto market crash aversion.


Material Indicators

@MI_Algos

A comprehensive crypto analytics platform offering trading signals and market data