Long

bullish

Strong

Bitcoin

<ul class="wp-block-list">
  
 <li>Bitcoin breaks bearish trends, hitting a higher high, signaling bullish momentum as it targets $66,000 in the short term.</li>   
 <li>Strong support from the MA50 and bullish market sentiment boosts confidence in Bitcoin’s rise to the $66,000 region.</li>   
 <li>Global liquidity recovery suggests broader market strength, further fueling Bitcoin’s bullish trajectory and capital inflows.</li> 
</ul>   
<p>For the first time, the price of Bitcoin is above $65,000 all-time high. Bearish experts, expecting a decline, clung to the <a href="https://cryptonewsland.com/bitcoin-surges-to-66k-new-higher-high-signals-market-shift/" target="_blank" rel="noreferrer noopener sponsored nofollow">pattern of higher highs and lower lows</a> for weeks. Bitcoin's price has recently increased, though, defying this theory and shocking a lot of people by demonstrating the strength of the market. A beneficial move that is primarily responsible for the present greater gain was spurred by bullish momentum and Bitcoin's retest of the 50-day moving average (MA50).</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/DrProfitCrypto/status/1842920968051687831 
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<h2 class="wp-block-heading" id="h-technical-overview-bitcoin-targets-66-000">Technical Overview: Bitcoin Targets $66,000</h2>   
<p>Bitcoin is currently trading at around <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener">62,106 USD</a>, with the MA50 positioned below its price. This test of the MA50 support area demonstrates the market's resilience and the bullish sentiment driving Bitcoin's price higher.&nbsp;</p>   
<p>Additionally, premium signals provided earlier have positioned traders with long positions in the $60-61k range, already yielding profits. Long positions remain a focus, as many traders are targeting the $66,000 region in the short term. This target is based on solid market data and technical analysis.</p>   
<p>Significantly, the bullish momentum is reinforced by a positive market outlook. <a href="https://cryptonewsland.com/crypto-expert-doctor-profit-analyzes-bitcoin-stability-and-breakout-potential/" target="_blank" rel="noreferrer noopener sponsored nofollow">Doctor Profit, a well-known analyst</a>, has set a new target of around $66,000. He plans to add more to his existing long positions around $60,400 if the market revisits this area, expecting Bitcoin to continue its upward trajectory.</p>   
<h2 class="wp-block-heading" id="h-broader-market-sentiment-global-liquidity-surge">Broader Market Sentiment: Global Liquidity Surge</h2>   
<p>Moreover, <a href="https://x.com/DrProfitCrypto/status/1842273075020145088" target="_blank" rel="noreferrer noopener">global liquidity</a> is forming a perfect reversal, indicating a broader bullish market for both Bitcoin and stocks. The global liquidity index, following its cyclical trend, shows signs of recovery after a significant decline in recent years. It is anticipated that this boom will last until 2026, in line with the present bull market. As a result, investors should anticipate higher capital inflows into Bitcoin, which will further bolster its positive momentum.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-soars-to-new-heights-as-it-defies-bearish-predictions-at-65000/">Bitcoin Soars to New Heights as It Defies Bearish Predictions at $65,000</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin Soars to New Heights as It Defies Bearish Predictions at $65,000

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