Bitcoin Bulls Hold Strong Above $66.5K, Eyeing New Highs 🤩
Bitcoin’s solid position above critical moving averages is empowering bulls to maintain control, provided it stays above the $66,500 level, as per analysts at #Kraken .
If the price sustains this upward trajectory, Bitcoin could challenge its all-time #high of $73,679, signaling potential for new price discovery. However, recent fluctuations and bearish signals, including a possible bearish engulfing pattern and a high RSI, suggest the possibility of short-term #consolidation .
External factors, such as geopolitical tensions and Tether-related concerns, also contribute to the market’s cautious outlook.
What do you think? 🤔
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