Bitcoin’s rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow.
Bitcoin (BTC) has started the week on a bullish note, clearing the closely watched $65,000 overhead resistance with ease. This indicates that the bulls are back in the game and ready to challenge the next resistance at $66,500.
October has historically been the most bullish month for Bitcoin, and the Oct. 14 rally has pushed the monthly gains to 4%. That has triggered hopes that the worst may be behind us. Analysts expect Bitcoin to pick up momentum if it clears the $70,000 overhead resistance.
Daily cryptocurrency market performance. Source: Coin360
