Bitcoin

Bitcoin Breaks $65,000 Barrier (4-Hour Chart)

Although a few days (five) earlier than I predicted, the benchmark cryptocurrency has finally reemerged above the 65K ATH and painted a new one at 67K. Not surprisingly, BTC recorded a sharp correction a few hours ago to the 61.4K support as trading conditions entered overheated territories.

That said, BTC is not out of the woods yet, and we could see additional corrections in the coming days near the 60K psychological support. Nonetheless, a break above the 67K ATH (which is also a near-term possibility) should pause this imminent correction as BTC would resume on a price discovery trajectory.

Meanwhile, our resistance levels are at $66,000, $67,000, and $68,000, and our key support levels are at $64,000, $63,000, and $62,000.

Total Market Capitalization: $2.63 trillion

Bitcoin Market Capitalization: $1.22 trillion

Bitcoin Dominance: 46.4%

Market Rank: #1

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