The cryptocurrency market has recently experienced a surge, with Bitcoin leading the way. After a period of decline and sideways movement, Bitcoin’s price has surpassed $65,000, reaching a high of $65,500 on the Binance exchange.
In order to continue its positive momentum, Bitcoin will need to break through the critical resistance level of $66,000. If successful, analysts believe that Bitcoin could potentially reach an all-time high. On the other hand, there are no major obstacles until $68,000 for Bitcoin.
Despite the recent rise in price, liquidation figures have remained relatively low, with only $99 million in liquidations occurring in the last 24 hours. This is significantly lower compared to days with more volatile movements.
It is important for investors to note that cryptocurrencies are highly volatile and carry inherent risks. Therefore, it is advisable for investors to conduct their own research and exercise caution when investing in cryptocurrencies.
