$BTC 🚨🚨Hey everyone,🚨🚨

We've got some big news about the price of $BTC hitting an all-time high!

Bitcoin ($BTC ) appears to have ended its downtrend, with popular analyst Rekt Capital noting reduced selling pressure and strong support forming at $60,000.

Following the release of US CPI data on Wednesday, Bitcoin surged another 6%, reaching over $66,000 earlier today. At the moment, BTC is trading at $65,780 with a market cap of $1.295 trillion.

Today's move saw BTC break above the $64,000 resistance, potentially paving the way for a rally to new all-time highs.

Rekt Capital believes the Bitcoin bull market is still intact, despite attempts to shake out investors. He also mentioned that Bitcoin is showing signs of decreasing selling momentum, especially around the $60,000 support level.

Maintaining support at $60,000 is crucial for further upward movement. Rekt Capital noted that Bitcoin's recent breakout to $66,000 demonstrates how quickly things can turn around.

Market analyst Peter Brandt believes Bitcoin is on track for a new all-time high, but it needs to decisively break above $67,000 with strong bullish action.

Another analyst, Alex Kruger, highlighted several positive indicators for Bitcoin, including record-high stock markets, declining long rates, and a dovish stance from Powell. He also noted upcoming rate cuts from central banks and the start of QT tapering.