CandleFocus

Analysts Monitor Bitcoin’s Breakout Above $66,000 for Bull Run Confirmation

Bitcoin surged over 6% to break resistance at $66,000, sparking hopes of a new bull run. Analysts are closely watching Bitcoin's behavior around this level, with the Altcoin Buzz analyst predicting that the cryptocurrency will maintain its upward trajectory by staying above $66,000. The recent surge in Bitcoin also triggered the liquidation of over $100 million in short positions. Separately, analysts are forecasting a significant rally for Solana (SOL) if Donald Trump wins the U.S. presidential election due to his openness to blockchain and cryptocurrency. Some predict that SOL could rally 400% if Trump becomes president. Additionally, analysts predict a 300% surge for Ether and a massive price surge for Bitcoin, potentially reaching $185,000 by the end of 2024.

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