Bitcoin Surges Above $66,000: Analysts Eye Potential Bull Run

Bitcoin (BTC) surged over 6% on Monday, breaking past the crucial resistance level of $66,000. Analysts are closely watching whether it can maintain this level, as a sustained breakout could signal the start of a long-awaited bull run. Historically, Bitcoin has struggled to hold above this mark, often retreating into sideways trading.

An analyst from Altcoin Buzz suggests that if Bitcoin remains above $66,000 in the coming days, it could transform this resistance into support, setting the stage for further gains. This recent surge also triggered over $100 million in short position liquidations, catching many traders off guard amid typically low weekend trading volumes.

Solana Set for Potential Growth

Meanwhile, Solana (SOL) is also on analysts' radar, particularly with speculation around the upcoming U.S. presidential election. If Donald Trump wins, his pro-blockchain stance could significantly boost Solana's adoption. Analysts predict that SOL could rise by up to 400%, potentially exceeding $700. Additionally, Ethereum (ETH) is forecasted to increase by 300%, reaching over $9,650.

With expectations of Bitcoin potentially hitting $185,000 by the end of 2024, the crypto market is primed for significant movement.

Note: The views expressed are for educational purposes and do not constitute financial advice. Cryptocurrency investments carry risks and may lead to financial losses.#CanaryLitecoinETF #CanaryLitecoinETF #USStockEarningsSeason #TrumpDeFi #Write2Earn!