Bitcoin

The post <a href="https://coinpedia.org/price-analysis/bitcoin-price-reclaims-66000will-this-validate-a-bullish-continuation-of-an-upside-move/">Bitcoin Price Reclaims $66,000:Will This Validate a Bullish Continuation of an Upside Move?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following a brief scuffle between bulls and bears, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a> finally broke through the consolidation. The star crypto formed the daily highs above $66,000 while trying hard to sustain above the levels as the bears are utilising all their strength to restrict the rally. While the price displayed huge chances of maintaining a sideways trend after the halving, without being impacted by the event, the weekend breakout revived the hopes for a bullish continuation.&nbsp; 
The <a href="https://markets.coinpedia.org/bitcoin/">BTC price</a> formed a triple-top pattern and was largely believed to break the lower neckline at $60,000. The bulls again managed to fool the bears and triggered a strong reversal, which now flashes huge bullish signals. This breakout was a result of excessive contraction and accumulation. However, in the larger timeframe, the price continues to trade within a bullish influence, which has been validated by the recent rebound.&nbsp; 
Having said that, is this a confirmation of a continuation to $80,000? 
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Soon after the RSI displayed a bullish divergence with a rebound from the 38.71 range, the price gained some strength. This offered a bullish confirmation and a confirmed path towards $75,000 initially, but the actual target at $80,000. Luckily, the whales showed interest soon after the rebound, which intensified the uptrend. Currently, the bull run appears to be on its way but the BTC price needs to sustain above $66,000 for the rest of the month.&nbsp; 
Also Check Out : <a href="https://coinpedia.org/price-analysis/bitcoin-halving-event-completed-heres-what-to-expect-next-for-crypto-market/">Bitcoin Halving Event Completed: Here’s What To Expect Next For Crypto Market.</a> 
As the price soared above the crucial resistance at $63,800, the probability of forming a new ATH above $75,000 became pretty clear. However, the bears appear to have remained stationed within the range between $71,300 and $73,800. As a result, the bulls have constantly failed to break above the strong barrier. Hence, the BTC price is believed to maintain a healthy ascending consolidation towards the highs.&nbsp; 
This Might Interests you : <a href="https://coinpedia.org/price-analysis/top-altcoins-to-stack-this-week-post-bitcoin-halving/">Top Altcoins to Stack This Week Post Bitcoin Halving</a> 
While the dropped volume raises some concerns, the bulls wait for a breakthrough in the crucial range, beyond which the buying volume may intensify, leading to an uninterrupted bull run towards $100K.&nbsp;

Bitcoin Price Reclaims $66,000:Will This Validate a Bullish Continuation of an Upside Move?

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