Bitcoin hit $66,300 on Tuesday, clearing a local resistance level that had capped recent gains. Analysts are now watching for a possible 6% advance if the current momentum holds.
Breaking through resistance
The move above $66,300 marks the first time BTC has traded at that level in weeks. The resistance had been a stubborn ceiling, with sellers stepping in each time the price approached. Tuesday's push broke through on stronger trading volume, though the exact catalyst remains unclear. Some traders pointed to a shift in broader market sentiment, while others cited technical buying as the price finally cleared the barrier.
Upside potential
Analysts who track the pattern say the breakout could open the door to a run toward $70,000 – roughly a 6% gain from the current level. The prediction hinges on BTC holding above $66,300 in the coming sessions. If the price slips back below, the breakout would be a false one, and the resistance could strengthen. For now, the market is leaning bullish, but the next few days will tell whether the move has legs.
Traders are watching whether BTC can hold above $66,300 to confirm the breakout.
