Bitcoin Targets $66,000 After Inflation-Driven Rally
Bitcoin Targets $66,000 After Inflation-Driven Rally
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Bitcoin (BTC) price has seen an approximate 3% increase, reaching around $64,500, following a cooler US inflation report. This pushed BTC above a resistance level it had faced since mid-June, extending a two-week uptrend. While momentum is positive, concerns about fading buying volume and overhead supply suggest a cautious outlook as Bitcoin eyes a test of the $66,000 mark.
Bitcoin (BTC) price is up about 3% over the past day, near $64,500, after a cooler US inflation print pushed it above a level that had capped it since mid-June. The move keeps a two-week uptrend alive. Still, fading buying volume and a band of supply just overhead raise the question of how much further