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Bitcoin liquidates $85M shorts as bull flag sparks $100K BTC price target

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Bitcoin liquidates M shorts as bull flag sparks 0K BTC price target
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Bitcoin liquidates $85M shorts as bull flag sparks $100K BTC price target

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Source: Coin Telegraph

Bitcoin upside strength causes pain for shorters, but doubts remain over whether the BTC price rally can last much longer.

Bitcoin (BTC) traded above $70,000 on May 21 after relentless bidding produced snap BTC price upside.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to hold its latest reclaimed ground around key psychological levels.

Bitcoin surprised into the previous daily close, with repeat lots of buy liquidity boosting the market to nearly $72,000.

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Author: William Suberg

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