Bitcoin’s Price Breaks $66K, Reaching a 1-Month High

Bitcoin (BTC) is back on the bullish track ocne again, closing in on the crucial $70,000 barrier.

Bitcoin just broke past the $66,000 barrier, marking a 1-month high after BTC’s correction during these past few weeks.

Last week Bitcoin started to recover from its low of around $53,000 after the massive sell-off by the German governemnt. The Mt.Gox repayment plan also sparked similar concerns among investors.

At the time of writing BTC is trading at $66,300 after a 4.6% surge in the past 24 hours and a trading volume of around $30.1 billion. The number one cryptocurrency’s market cap is currently at $1.3 trillion.

The 1-day technical analysis from TradingView shows bullish signs with the summary pointing to “buy” with 15 signals, while the moving averages show “strong buy” with 13. Oscillators also show “buy” with 2 signals.