Bitcoin Surges Past $65k, liquidations fuel rally, $70k Next?
Bitcoin surged to a daily high of $66,482, targeting $69,000.
Strong liquidation of shorts is the main reason why BTC price is rising.
Calls for Bitcoin at $70,000 have also skyrocketed recently.
Bitcoin $BTC surged to the $65,000 price level, hitting a daily high of $66,482. The cryptocurrency reached the resistance zone, and the uptrend will be confirmed if BTC maintains price action above $66,000.