Bitcoin’s Price Breaks $66K, Reaching a 1-Month High

Bitcoin (BTC) is back on the bullish track ocne again, closing in on the crucial $70,000 barrier.

Bitcoin just broke past the $66,000 barrier, marking a 1-month high after BTC’s correction during these past few weeks.

Last week Bitcoin started to recover from its low of around $53,000 after the massive sell-off by the German governemnt. The Mt.Gox repayment plan also sparked similar concerns among investors.

At the time of writing BTC is trading at $66,300 after a 4.6% surge in the past 24 hours and a trading volume of around $30.1 billion. The number one cryptocurrency’s market cap is currently at $1.3 trillion.

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The 1-day technical analysis from TradingView shows bullish signs with the summary pointing to “buy” with 15 signals, while the moving averages show “strong buy” with 13. Oscillators also show “buy” with 2 signals.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.