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<ul class="wp-block-list news-points"> 
 <li>Bitcoin has established support around the $66,000 region.</li> 
 <li>BTC is at a critical level where traders need to be observant.</li> 
 <li>Macro events could trigger Bitcoin volatility this week.</li> 
</ul> 
Bitcoin has established support around the $66,000 level, which crypto analysts see as a significant point in the ongoing bull cycle. The cryptocurrency shifted resistance into support after dropping to this level several times without closing below it, according to a host from the Altcoin Buzz cryptocurrency <a href="https://www.youtube.com/watch?v=sqFwIFQNo-k" target="_blank" rel="nofollow">podcast</a>. 
While BTC has surged to the $70,000 range, the Altcoin Buzz channel host suggested traders stay alert until a clear break above this level is confirmed. He highlighted $70,000 as a key psychological resistance and a historical zone where Bitcoin previously struggled to move higher. 
Although technical indicators suggest a potential Bitcoin rally, the analyst pointed out macro events that may influence the crypto market this week. These include the Q3 GDP release, expected on Wednesday, and the U.S. non-farm payroll report due Friday. 
Read also: <a href="https://coinedition.com/market-awaits-us-economic-data-for-bitcoin-rally-to-72k-amid-stagnant-prices/">Market Awaits US Economic Data for Bitcoin Rally to $72K Amid Stagnant Prices</a> 
Investors are also watching for Mega-Cap …
The post <a href="https://coinedition.com/bitcoin-holds-66k-as-q3-gdp-earnings-and-election-stir-crypto-market/">Bitcoin Holds $66K as Q3 GDP, Earnings, and Election Stir Crypto Market</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Holds $66K as Q3 GDP, Earnings, and Election Stir Crypto Market

Coin Edition

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