Crypto analysts say a daily close above $65,000 will confirm “bullish momentum,” but a possible reversal still can't be ruled out.
Bitcoin (BTC) is at a critical crossroads. According to crypto analysts, while some traders are optimistic about an imminent surge as BTC price passes $66,000, others are not ruling out a retrace back to $60,000.
The speculation comes after Bitcoin surpassed $65,000 on Sept. 26 for the first time since Aug. 2.
Kraken analysts opined in an analyst note viewed by Cointelegraph that:
