- Bitcoin just broke past the $66,000 resistance level, before dipping slightly.
- Despite the regression, one analyst believes only higher highs are up ahead.
- The BTC price chart indicates a major upturn for the pioneer crypto asset.
Bitcoin broke through the $66,000 resistance level, a major milestone for the pioneer crypto asset this bull run. This event was a scenario awaited by many reputed crypto analysts who now believe it is only a matter of time until BTC price surges and enters the super cycle bull run phase.
Is Bitcoin Heading Into a Super Bull Run Phase?
So far, the price of BTC has already regressed to fall just below the $66,000 price target. Despite this, most renowned crypto analysts with bullish targets set ahead for Bitcoin (BTC) remain in a positive sentiment. In detail, one analyst in particular, known for his silver-tongued predictions says only higher highs are in store for Bitcoin.
Bitcoin (BTC) Rises By 6% in a Single Day
As we can see from the post above, this analyst believes there are no more significant dips in the coming months for BTC, only new highs ahead. Supporting the same bullish expectation is another positive post for the crypto market. As we can see from the post below, the price of Bitcoin has risen by 6% in just a day.
The #Bitcoin price rose by 6% today, with taker buyers outpacing taker sellers by $1.1 billion in net purchases. pic.twitter.com/yDVIhTEEYq
Read CRYPTONEWSLAND ongoogle news — CryptoQuant.com (@cryptoquant_com) October 14, 2024
This move depicts how buyers are outpacing sellers in the crypto market amounting to $1.1 billion in net purchases. Furthermore, another analyst sees the near completion of a bullish cup and handle breakout on the Bitcoin (BTC) price chart. This only fuels the new target top expectations for Bitcoin.
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