BTC Price Nearly Tops $40k as Massive Short Liquidations Fuel Rally

The BTC price surged 15% on Monday, rising from the $34.5K level to hit highs of $39,681. Although the bulls are yet to break above the $40K resistance, market participants who have endured months of muted price action now have renewed hope that the bull market is still on. The week is off to an excellent start for bulls, who managed to propel the BTC price to levels not seen since June 16. The uptick kicked off slowly in the…