Bitcoin: Surges to $66,500 With $350M Shorts Liquidated
Bitcoin surges to $66,500 as $350 million shorts liquidated in 60 minutes, ETH reclaims $2,000 for first time in two months.
SourceAnalysis
Bitcoin surged to $66,500 while ETH reclaimed $2,000 for the first time in over two months, triggering $350 million in short liquidations within the last 60 minutes according to @BullTheoryio.
Price action now tests upper Bollinger resistance at $67527.64 with RSI(14) at 85.4 flashing overbought conditions, suggesting a healthy retracement toward the 50-EMA support at $64252.25 before continuation; the MACD golden cross at 867.27 reinforces the broader bullish structure above both EMA50 and EMA200. This move sharpens BTC price prediction models and highlights ongoing crypto market dynamics without signs of a crypto market crash.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
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