Bitcoin: Surges 7% on $1.2B Short Liquidations

Bitcoin surges over +7% to its highest level since June 2nd as $1.2 billion worth of shorts are liquidated in 60 minutes, lifting BTC to $68300.55. Price tests upper Bollinger resistance at $67413.53 while RSI(14) prints 81.77 overbought and MACD holds its golden cross at 839.8, so a retracement toward EMA50 support at $64238.74 looks probable before the next leg higher. This short squeeze shapes fresh BTC price prediction models, highlights Bitcoin liquidation impact on momentum, and feeds ongoing crypto volatility analysis for institutional desks.