Bitcoin is currently priced around $66,302.97, with a 24-hour trading volume of $28.72 billion. While there’s been a slight dip of -0.64% in the last 24 hours, the overall market remains resilient. The price has been consolidating, moving sideways for over 155 days. This extended period of calm often indicates a potential breakout looming in the near future.
Short-term holders are feeling the pressure with unrealized losses, but analysts suggest this mirrors the volatility seen in 2019, not a bear market. For traders, it’s key to watch the critical support and resistance levels, with projections pointing to potential movements between $65,800 and $70,000.
As rising volume supports the current bullish move, keep an eye on resistance ahead.
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