The cryptocurrency market has experienced significant bullish momentum over the last 24 hours. Leading altcoins such as Bitcoin, Ethereum and Solana also benefited from this increase. Bitcoin broke through the critical $65,000 resistance level and is currently trading at $65,720, the highest point in the last month.

Bitcoin has experienced a remarkable increase of approximately 3% in the last 24 hours. Although the cryptocurrency briefly dropped to $63,000, it later managed to surpass the $65,000 level. Analysts attribute this rise to Bitcoin breaking the $60,000 – $61,000 resistance levels and state that staying above $65,000 could confirm the bull scenario. Some experts point to the $72,000 – $76,000 range as the next target.

Ethereum and Solana are performing positively, following in the footsteps of Bitcoin. Ethereum surpassed the $3,500 level, increasing by 2.55% in the last 24 hours. Solana, on the other hand, approached the $170 level with a significant increase of 6.63%. Meme coins Dogecoin (up 3.88%) and Shiba Inu (up 1.26%) also joined this upward trend.

The cryptocurrency market has shown a broad-based recovery, especially in the last 24 hours. Bitcoin breaking the $65,000 resistance level indicates that the bull trend may continue. Led by Bitcoin, altcoins also exhibit impressive rises, creating a general atmosphere of optimism in the market.

But despite positive market movements, the high volatility inherent in the cryptocurrency market remains. More than $143 million was liquidated during the day, of which $87 million was in long positions. Bitcoin led the liquidation list with $45 million, while Ethereum followed with $32 million. This highlights the importance of cautious trading strategies in such a volatile environment.

Well-known analysts in the cryptocurrency space are closely monitoring Bitcoin's progress. Famous analyst Il Capo emphasized the importance of Bitcoin regaining the $60,000 - $61,000 range, stating that a sustainable break above the $65,000 level could confirm the bull market scenario and possible targets could be between $72,000 and $76,000.

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