Bitcoin Nears $66K: Is an $80K Rally on the Horizon?
Bitcoin is nearing $66,000, raising speculation about a potential breakout toward $80,000 after months of sideways movement. Currently priced at $65,582 with a market cap of $1.30 trillion, Bitcoin's bullish momentum is driven by global economic factors like recent interest rate cuts by the U.S. Federal Reserve and Chinaâs PBoC, which have boosted liquidity.
With strong technical support and consistent buying pressure, Bitcoin has the potential to surpass its previous all-time high. However, investors should stay cautious, as market volatility and policy shifts could still impact its growth.
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