$BTC #BTCUSDC just squeezed the bears.
About 10.05K dollars in short positions were liquidated at 67,051. Sellers betting on a pullback got trapped as price pushed higher, triggering forced buying and adding strength to the move. Short liquidations like this often fuel short term upside momentum.
Now the 67,000 to 67,050 zone becomes key.
If BTC holds above this level, continuation toward 67,500 and even 68,000 becomes possible as breakout traders step in. But if price slips back below 67,000, it could turn into a quick liquidity grab, with 66,500 acting as the next support.
For now bulls have control, but holding above 67K will decide whether this rally extends or cools off.
BTC
66,389.35
-1.81%