Bitcoin price gains to $66.3K as range breakout attempt sparks one-month high
Summary
Bitcoin broke above one-month highs and briefly reached $66,306, its highest since June 17, after repeatedly holding above the $65,000 area. Traders see the move as a reclaim of range lows, with resistance at $65,000–$67,000 and potential upside toward $70,000 if that zone gives way. Some analysts say Bitcoin could rise another 5%–6% quickly if it clears $68,000. The rally triggered about $200 million in 24-hour crypto liquidations, suggesting short covering helped fuel the move. Derivatives data also point to renewed risk-on sentiment, with demand for late-July upside and traders watching the upcoming Fed meeting. Market expectations still favor no rate change on July 29, though sentiment could shift ahead of September.
