il Capo following this upsurge, he took to Twitter to share his thoughts, stating that the $65.500 resistance level has been decisively broken and the next target is $67.000. Despite his prior bearish stance, il Capo believes the bull run is not over for Bitcoin in this cycle.

Some analysts, however, remain cautious, suggesting that this sudden rally could be a short-lived move and the price may retrace to $65,000 again.

Bitcoin’s daily and weekly moving averages are currently trending upwards, indicating increasing buying pressure. Indicators are also flashing bullish signals. Notably, the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are both in buying territory.

Bitcoin price has been on a roller coaster ride lately. The recent surge suggests that buyers are re-entering the market. However,

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The post Bitcoin (BTC) Price Surges! Here’s the Data and Legendary Analyst’s Next Prediction appeared first on Coin Engineer.