$BTC
experienced a short liquidation around $68,082, suggesting that traders betting on a price drop were forced to close positions as the market moved upward. Short squeezes in Bitcoin often lead to strong bullish continuation when liquidity gets absorbed. If the momentum continues, $BTC could test the resistance near $70,000, which remains a critical psychological level. A successful breakout above this zone could push the price toward the next major target around $72,500. On the downside, the key support currently stands near $66,500, and losing this level may trigger a deeper pullback toward $64,800.
Support: $66,500
Resistance: $70,000
Target: $72,500
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