Latest market data shows Bitcoin breaking through the key resistance level of $66,000, reaching a high of $66,006.95, indicating renewed market enthusiasm.
Increased Short-Term Volatility Expected
Despite hitting new highs, the 24-hour decline of 7.87% highlights significant market uncertainty.
- Investors should focus on critical technical support levels
- Prudent position sizing recommended for risk management
- Monitor on-chain metrics and sentiment shifts closely
The current price action suggests Bitcoin is entering a new volatility cycle, urging holders to maintain rational trading behavior.