Bitcoin surged past $69,000 on April 6, climbing approximately 3% to around $69,120 as traders returned from the Easter weekend. The move triggered $196 million in short liquidations over 24 hours, including $100 million in a 90-minute window. The rally was fueled by geopolitical optimism surrounding potential ceasefire talks involving Iran and thin order books after the holiday. The $69,000 to $70,000 range has become one of the most contested price zones in Bitcoin’s recent history. Each short-covering episode has temporarily relieved downward pressure, though none has sustained a breakout above $70,000.
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