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As this article was prepared, the price of Bitcoin (BTC) 
$83,351 reached up to 66,000 dollars, currently holding at 65,880 dollars. Following the recent test of 67,000 dollars, the price quickly dropped to around the 59,000 dollar range but showed a rapid recovery. This trend also impacted altcoins, with assets like SOL Coin starting the day with a 5% increase.
Bullish Targets in Cryptocurrencies
Bitcoin’s recent attempts to reach peaks have led to lower lows, keeping traders excited about the ongoing movement toward 66,000 dollars. Despite the potential for setbacks due to the Trump factor in the upcoming elections, BTC seems to be concluding one of its long consolidation phases before significant breakouts.
After months of stagnant movements within a narrow range, a transition to closing above 70,000 dollars is anticipated as a precursor to new all-time highs. In his latest assessment, Michael Poppe noted:
“The total market cap for cryptocurrencies is facing a significant breakout this year. If it surpasses 2.3 trillion dollars, another attempt at an all-time high becomes very likely.”
BONK Coin has also gained attention, with the analyst known as TraderSZ announcing two distinct targets, the first being 0.00003 dollars. If successful, reaching previous all-time highs could be possible.
Bitcoin and the 65,000 Dollar Threshold
The BTC price has struggled to hold above 65,000 dollars, a crucial point highlighted by the analyst known as Jelle. According to the graph shared by Jelle, the next target based on current conditions is 70,000 dollars. If correct, subsequent targets of 73,777 and 80,000 dollars may come into play.
“The declines have ended, the crows are scared, and the price has risen. Let’s see if Bitcoin can advance toward the 70,000 dollar region this week.”
The significant volume accompanying Bitcoin’s movement above 65,000 dollars to reach 66,000 indicates that this trend may differ from previous ones. If a bullish market emerges, as seen in past cycles three weeks before elections, there could be opportunities for gains exceeding tenfold by mid-next year.
