### Why #Bitcoin Price is Soaring Today?
**BTC Price Surges Above $70K – All-Time High Within Reach!**
Bitcoin's impressive rally continues as it climbs above $70,000, edging closer to its all-time high. Currently ranked #1 on CoinMarketCap, Bitcoin boasts a market cap of $1,405,624,620,738 USD.
**Bullish Indicators:**
- A bullish flag upside breakout has been confirmed on the daily chart. ✅
**Recent Developments:**
- Bitcoin has rebounded strongly from a two-month correction, surging by 6.8% in the last 24 hours to trade at approximately $71,273 early Tuesday during the Asian session.
- This sudden price pump has led to massive liquidations of short positions, totaling over $345 million in revenue from crypto derivatives trading. Bitcoin bulls are clearly in control, and a new all-time high seems imminent.
**Legal News Impact:**
- On Monday, May 20th, the High Court of Justice Business and Property Courts of England and Wales issued a detailed ruling in the Crypto Open Patent Alliance (COPA) case against Dr. Craig Wright.
- The court documents reveal that Wright significantly fabricated his case in an attempt to prove he is Satoshi Nakamoto.
- The court confirmed that Bitcoin software will remain public property through its open-source technology.
**Market Sentiment:**
- With bullish momentum and key legal victories, Bitcoin is poised for continued growth.
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