Bitcoin Holds Support Between $60K-$65K, Testing All-Time High

Bitcoin Holds Support Between K-K, Testing All-Time High
Bitcoin (BTC) broke above a short-term downtrend and looks poised to re-test the all-time price high near $66,900. The cryptocurrency was trading around $66,000 at press time and is up about 5% over the past 24 hours.Upside momentum is improving after a two-week consolidation phase between $60,000 and $64,000. A confirmed breakout from that consolidation would require at least two consecutive daily closes above $66,900.Once a new all-time high is confirmed, indicators suggest further upside for BTC’s price, initially toward the $86,000 resistance level. Seasonal strength in the fourth quarter could support continued bullish activity over the next two months.For…