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$BTC Breaks $66,000 – First Time in Over a Month 🚀
Bitcoin has reclaimed $66,000, currently trading at $66,010 (+3.26% in 24h) — up roughly 15% from July lows.
Key Drivers:
• ETF inflows returned strongly — over $1.2B net this week
• BlackRock’s IBIT alone saw $116.5M in a single day
• CLARITY Act cleared its last hurdle (Trump agreed to ethics provisions) → Senate vote now in sight
Technical Snapshot:
• Broke out of a weeks-long descending channel
• Next resistance: $67,400–$68,000
• ~$523M in shorts concentrated near $66,000 → potential short squeeze if it holds
Caveat:
24h volume actually fell 4.2%. Momentum is still thin. Summer slumber isn’t fully over yet.
Holding above $66k keeps the bullish structure intact. Watch volume and the $67.4k–$68k zone next.
#BTCBreaks66000 #BTC #Bitcoin #Crypto