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Bitcoin (BTCUSD) Surges on Short Squeeze; Hits Key Resistance

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The Story

News Summary

  • Bitcoin rallied over 7% to near $77,400 amid a broader crypto market surge that saw massive liquidations of short positions.
  • Despite historical precedent favoring further gains, experts warn of a potential short-term pullback after the rapid ascent.
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BTCUSD price history

77254.98 +14.53% over the displayed period

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