Bitcoin tests $78,000 resistance as short-squeeze risks mount, altcoins rally

Bitcoin tests $78,000 resistance as short-squeeze risks mount, altcoins rally

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin tests $78,000 resistance as short-squeeze risks mount, altcoins rallyBTC hovers at key $78,000 level with $180 million liquidations at stake, while altcoins and memecoins surge as risk-on sentiment returns.By Oliver Knight, Omkar Godbole|Edited by Sheldon Reback Apr 22, 2026, 10:31 a.m. Make preferred on BTC/USD (CoinDesk Data)What to know: Bitcoin is battling the $78,000 level of resistance with $180 million in short liquidations above and $71 million in longs at risk below $77,300.Broader risk sentiment improved after Trump extended the Iran ceasefire, lifting equities and supporting crypto markets.Altcoins outperformed with memecoins leading gains, while Aave lending demand pushed the CoinDesk overnight rate to 15%.The crypto

Source: https://www.coindesk.com/markets/2026/04/22/bitcoin-tests-usd78-000-resistance-as-short-squeeze-risks-mount-altcoins-rally