Bitcoin's RSI has surged above 80 for the first time since November 2024 after a $3B short squeeze pushed prices near $80K. What the overbought

Bitcoin price punched above $72,000 Thursday, extending a two-day squeeze that's wiped out the most short positions on record.

Bitcoin surged 8% to $69,749 on August 19 as a short squeeze liquidated over $1B in bearish positions within an hour, the largest such event