๐ Bitcoin Nears $66,000
As of writing, Bitcoin (BTC) briefly touched $66,000 before holding at $65,880. After testing $67,000, it dropped to around $59,000 but quickly recovered. This rise also affected altcoins like SOL Coin, which saw a 5% increase.
๐ Bullish Targets for BTC
Bitcoinโs move toward $66,000 has traders optimistic, with anticipation of a break above $70,000 as a lead to new all-time highs. Analyst Michael Poppe noted that a total market cap breakout above $2.3 trillion could trigger another attempt at an all-time high.
๐ฐ BTC and the $65,000 Threshold
BTC has struggled to stay above $65,000. Analyst Jelle predicts the next target is $70,000, with subsequent targets of $73,777 and $80,000. The significant volume above $65,000 signals potential for more growth, with the possibility of tenfold gains by mid-next year if the bullish trend continues.