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<ul class="wp-block-list news-points">
 <li>Bitcoin surged over 6% on Monday, climbing above resistance at $66,000.</li>
 <li>Monday’s breakout could trigger Bitcoin’s next bull run.</li>
 <li>Bitcoin’s recent rally liquidated over $100 million in short positions.</li>
</ul>
Bitcoin (BTC) surged over 6% on Monday, climbing above resistance at $66,000. If sustained, Monday’s breakout could begin a much-expected bull run as analysts pay attention to the cryptocurrency’s behavior around this level.
<h2 class="wp-block-heading" id="h-analyst-predicts-sustained-momentum">Analyst Predicts Sustained Momentum</h2>
The <a href="https://www.youtube.com/watch?v=ql-GyiAvGQE" target="_blank" rel="noopener noreferrer nofollow">Altcoin Buzz</a> analyst stated that Bitcoin will maintain its upward trajectory by staying above this critical level. According to the analyst, the flagship cryptocurrency has returned below $66,000 after the past breakouts, leading to a sustained sideways movement in price.
The analyst anticipates that Bitcoin will confirm this breakout by remaining above $66,000 for the next few days. This action would be a departure from previous instances where the digital asset made false breakouts, only to quickly retreat below that level. A confirmed breakout would turn the resistance level into support, laying the foundation for the next leg of Bitcoin’s rally.
Read also : <a href="https://coinedition.com/bitcoin-breaks-65000-level-bull-run-incoming/" rel="noopener noreferrer nofollow">Bitcoin Breaks $65,000…</a>
The post <a href="https://coinedition.com/analysts-monitor-bitcoins-breakout-above-66000-for-bull-run-confirmation/" rel="noopener noreferrer nofollow">Analysts Monitor Bitcoin’s Breakout Above $66,000 for Bull Run Confirmation</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Analysts Monitor Bitcoin’s Breakout Above $66,000 for Bull Run Confirmation

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