Cryptocurrency enthusiasts are buzzing as Bitcoin (BTC) experiences another surge in its price. The latest data shows a sudden increase from $65,600 to $66,400 at the time of this report. Renowned analyst il Capo has shared his insights on this development, predicting that the next target for Bitcoin is $67,000 after surpassing the $65,500 level. Despite previously adopting a bearish stance, il Capo believes that the bull run for Bitcoin is not yet over in this cycle.
The sudden rise in Bitcoin’s price has led to a total liquidation of $17 million in the cryptocurrency market, primarily from short positions. The altcoin market has also seen increases in line with Bitcoin’s surge.
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