Bitcoin Price Surges Past $65,000 as Cryptocurrency Market Recovers

The cryptocurrency market has experienced a significant increase in the last 24 hours. Leading altcoins such as Bitcoin, Ethereum and Solana also got their share of this rise.

The cryptocurrency market has seen a significant rise over the last 24 hours. Leading altcoins, such as Bitcoin, Ethereum and Solana, also experienced a surge in value.

Bitcoin price and other altcoins rose in the last 24 hours

Bitcoin rose around 3% in value over the last 24 hours. BTC, which fell to around $63,000 during the day, later recovered and rose above $65,000. Analysts argue that this rise occurred after the $60,000 – $61,000 resistance was overcome, and persistence above $65,000 will confirm the bull scenario. Some analysts predict the next target is the $72,000 to $76,000 range.

Ethereum also kept pace with Bitcoin’s rise, gaining 2.55% in the last 24 hours and rising above $3,500. Solana, on the other hand, approached the $ 170 level with an increase of 6.63%.

Meme coins, such as Dogecoin and Shiba Inu, are also experiencing an uptrend. DOGE rose 3.88% and SHIB rose 1.26%.

As a result, the cryptocurrency market has seen a significant recovery in the last 24 hours. In particular, Bitcoin’s surpassing the $65,000 resistance indicates a bullish scenario. Altcoins are also in an upward trend, led by Bitcoin.

Overall, analysts predict that the general trend in the market is upwards and there may be even more increases in the coming period. However, it is important for investors to be careful and not trade without doing their own research. The cryptocurrency market is a very volatile market and sudden price changes may occur.

In the market where high volatility continues, liquidations were not neglected. While a total of $143 million was liquidated during the day, interestingly, despite the price increase, $87 million was in long positions. The cryptocurrency that was liquidated the most was BTC with $45 million, followed by Ethereum with $32 million.

Il Capo shared his expectations

Bitcoin’s latest rise is also closely followed by analysts. Il Capo, one of the well-known analysts of the cryptocurrency world and known for his low predictions for the bear market, said that after $ 60,000 and $ 61,000 were recaptured by BTC, the price was based on the next resistance level of $ 65,000, and a rise above this level would confirm the bull scenario. It is noteworthy that in the analyst’s last comment, he published a message saying “here we go” after the rise. This message suggests that if $65,000 is consistently breached, the liquidity zone between $72,000 and $76,000 could be the next target.

Bitcoin’s surpassing $65,000 could also be the beginning of a general uptrend in the market. This may lead to other cryptocurrencies called altcoins also gaining value. However, as always, it is important for investors to do their research and consider the risks before investing. The cryptocurrency market can be a very risky market and there is always a risk of losing all of your investments. It will become clearer in the coming weeks whether this rise of Bitcoin will be permanent or not.

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