Bitcoin (BTC) continues its upward trend, surpassing $66,500 and reaching an intra-day high of $67,366. This bullish rally is largely driven by increased whale holdings, indicating rising investor confidence. Addresses holding 1,000+ BTC now account for 7.9 million BTC or 40% of the circulating supply.
US Bitcoin ETFs have attracted over $2 billion in inflows within two weeks, further boosting BTC prices. Prominent analyst Kevin Svenson forecasts significant gains, predicting Bitcoin could reach $117,000.
Bitcoin Price Prediction: Currently trading at $66,528, Bitcoin shows strong bullish momentum. Immediate resistance is at $67,485, with support at $65,130 and $64,720. Technical indicators suggest continued strength, though traders should watch for potential pullbacks.
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