BTC Short Squeeze Above $75K

"bitcoin extended its recent rally, rising to above $77,000. The cryptocurrency has gained roughly 18% over the past 48 hours, moving above $77,600 and heading for what could be its strongest weekly performance in nearly three years."

"Bitcoin's move above $70,000 reflects a combination of forced short covering, renewed institutional demand and a more supportive liquidity backdrop. Once forced buying fades, Søndergaard expects spot and ETF flows to determine whether Bitcoin can build support above $70,000."

"The next resistance of full Bitcoin forecast report is at the value of $64,000, and the recent candles can have selling pressure. Any clean breakout beyond this point would pave the way to $66,000. The broader target is still at $70,000 in case buying strength persists."

"More than $125 million in long liquidations over the past hour. With much of the nearby long-side leverage reportedly cleared out, the liquidation map shifts toward shorts positioned above the current price. The report claims that more than $1.2 billion in short positions sit near $63,500, with the next major pocket of liquidation risk located around $65,000."

"A sustained move above this cost basis could set the stage for a potential rally toward $100,000 by year-end, according to on-chain and technical readings."

"Bitcoin rebounded above $70,000 following the ceasefire announcement. Market activity reflects short squeeze accompanied by fresh positioning."

"A break above $75,000 could force short sellers to cover and accelerate the rally, while a move lower would quickly test the conviction of traders piling into nine-figure leveraged longs."

"A break above $75,000 could force short sellers to cover and accelerate the rally, while a move lower would quickly test the conviction of traders piling into nine-figure leveraged longs."