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Bitcoin Analysis as BTC Approaches Critical $66K Level – Will It Trigger a Major Upward Surge?
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Bitcoin is extending its upward rally, surpassing the $66,000 mark on Friday and reaching an intra-day high of $66,200. The surge coincides with the global crypto market cap climbing to $2.29 trillion, reflecting a 24-hour gain of around 2%.
This recent spike is fueled by optimism surrounding the U.S. economy’s potential for a ‘soft landing’ on inflation, bolstered by favorable macroeconomic data. Renewed interest in spot Bitcoin ETFs and rising institutional buying, driven by China’s and the U.S.
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