Key Takeaways On July 10, bitcoin surged to $64,653, reversing losses from Middle East tensions. The sudden rally forced a massive $170 million in short liquidations across the crypto market. Bitunix Analyst warns bitcoin’s macro trend relies on holding the critical $64,000 level. Bitcoin Erases Geopolitical Losses On Friday, bitcoin breached $64,000, entirely erasing the mid-week losses triggered by sudden geopolitical escalations in the Middle East. After trading just under $62,800 on Thursday afternoon, the cryptocurrency climbed steadily to hit an intraday peak of $64,653 just after 9:50 a.m. EST. Although it dipped slightly below the $64,000 mark at the …