Cryptocurrency world has recently been witnessing an upward movement. Bitcoin’s rise has also revitalized the cryptocurrency market, exciting the market. The previous 1.5 months of decline followed by sideways movement seems to have ended.
Bitcoin Price Exceeds $65,000
While writing this article, Bitcoin’s price today achieved a significant breakthrough. As the flagship of cryptocurrencies, Bitcoin surpassed $65,000, reaching up to $65,500 on the cryptocurrency exchange Binance.
If the positive atmosphere continues, Bitcoin will first need to surpass the $66,000 level. Frankly, this level currently acts as a critical resistance. Overcoming this level, analysts like Michael van de Poppe suggest that BTC could start a journey towards an all-time high.
On the other hand, there are no significant obstacles up to $68,000 for Bitcoin. Coinglass data reports that about $99 million in liquidations occurred in the last 24 hours. Even a glance at the liquidation figures shows they are low compared to the figures on days with sharp movements. Now all eyes are on the $66,000 level for BTC. Will this critical level be surpassed?
