Bitcoin is approaching a crucial resistance level of $66,000, according to data from Coinglass. If the cryptocurrency manages to break above this level, it could trigger liquidations worth $213 million. On the other hand, if Bitcoin falls below $64,000, it could lead to liquidations worth $109 million. This highlights the importance of this resistance level for Bitcoin's short-term price action. Traders and investors should closely monitor Bitcoin's price action in the coming days to determine whether it can break above this key resistance level. If it does, it could trigger a significant rally. Conversely, if it fails to do so, it could lead to a pullback.

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