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Bitcoin has surged to $65K after dipping to $49K this month.
Resistance at $67,300 could lead Bitcoin toward $80,500 if surpassed.
$49,000 earlier this month. Over the past week, the cryptocurrency has surged by 9%, with a notable boost on August 23 when it crossed the $61,000 mark. This rally has instilled a bullish sentiment among traders and investors.
The positive sentiment has been reinforced by recent economic and political developments. On Friday, U.S. Federal Reserve Chairman Jerome Powell confirmed the onset of a monetary easing cycle next month. Additionally, crypto-friendly presidential candidate RFK Jr. endorsed Donald Trump, further boosting market confidence. Currently, Bitcoin is trading at $63,778, reflecting a modest decline of 0.38%, with trading volume down by 4%.
Meanwhile, despite the recovery, caution persists among analysts. CryptoQuant reports a slowdown in whale activity since Bitcoin’s all-time high in March. The 30-day percentage change in whal

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