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Since Monday, Bitcoin staged a small increase of almost 1.5%, reaching the $63,500 price tag. However, this short-lived rise was followed by a 1.67% drop. Now, Bitcoin is making anotherPopular cryptocurrency analyst on X Ali Martinez tweeted earlier today that the $65,795 level is one of the hardest resistance levels for BTC at the moment. If Bitcoin can break through it, then it may be able to surge as high as $78,700 and reach a new all-time high.
Many market players continue to sell Bitcoin, keeping it at the current price level and preventing it from recovering its old highs so far. Among them are large entities, such as the German and U.S. governments, which have been selling both large Bitcoin and Ethereum stashes lately.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
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