Bitcoin (BTC) has experienced another surge in its price, reaching $66,400 from $65,600 in just a matter of minutes. Cryptocurrency analyst il Capo has provided his insights on this sudden rise, predicting that the next target for Bitcoin is $67,000. Despite previously holding a bearish stance, il Capo believes that the bull run for Bitcoin in this cycle is not yet over.
This surge has also resulted in a total liquidation of $17 million in the cryptocurrency market, with most of it coming from short positions. Altcoins have also seen similar increases in their prices alongside Bitcoin.
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