Bitcoin surged above $76,000, reaching a peak of $76,120, driven by optimism surrounding upcoming U.S.-Iran negotiations. This marks the highest level for Bitcoin since February 6, with the cryptocurrency gaining over 5% in the past 24 hours. The rally also triggered approximately $500 million in liquidations of short positions globally. Despite the bullish momentum, Bitcoin faces potential selling pressure due to the U.S. tax filing deadline, which could result in up to $2.8 billion in tax-related liquidations. Currently trading around $74,508, Bitcoin is testing key support levels as the market awaits further clarity. Institutional interest remains strong, with Strategy investing $1 billion in Bitcoin and Goldman Sachs applying to launch a Bitcoin yield ETF.