Bitcoin: Surges $1400 in Hour Above $78000
Bitcoin pumps $1400 in one hour back above $78000, adding $30B market cap as $25M shorts liquidated. BTC technical confluence on 4h chart shows neutral RSI with bullish MACD.
SourceAnalysis
Bitcoin pumped $1400 in one hour to reclaim levels above $78000, injecting $30 billion into market cap while liquidating over $25 million in shorts.
The move aligns with recent BTC price action that has seen repeated tests of key levels amid shifting macro flows.
Price currently sits at $76962.07 inside Bollinger Bands with upper resistance at $78194.96 and lower support at $75408.45. EMA50 at $77218.78 and EMA200 at $77334.85 frame a bearish trend structure yet MACD at 60.25 has printed a golden cross while RSI(14) holds neutral at 50.0, creating confluence where any extension toward the upper band could stall before a measured retracement to the 50-EMA support.
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