Bitcoin touches $74.4K six-week peak as traders eye further BTC upside above 50-day SMA

Bitcoin climbed to a six-week high of $74,400 on Monday, briefly surging 2.5% on the day and moving back above its 50-day simple moving average near $71,120. The rally coincided with roughly $300 million in short liquidations and a rise in Bitcoin futures open interest to $49.2 billion, while analysts highlighted the potential for additional upside as BTC trades above key long-term support zones.