Bitcoin and crypto squeeze confirmed as ETH breaks out
Crypto is edging higher, which is good news for holders, as Bitcoin takes out short sellers and Ethereum confirms a breakout.
- Bitcoin pushed above $65K, wiping out short bets, and is now bouncing off support near $60K.
- A long-term bullish divergence is building on Bitcoin's weekly chart, the same signal seen at the end of the 2022 bear market.
- Ethereum confirmed a "double bottom" breakout above $1.8K, opening a path toward roughly $2,070.
- The pitch to trade on a no-KYC exchange with a "4,000 USDT bonus" is a paid promo β treat it as an ad, not advice.
- Solana is holding support near $75, while XRP and Chainlink look stuck in choppy, sideways trading.
Outlook: Bitcoin is likely to slow down or drift sideways for a day or two, then push toward $66K to grab fresh liquidity.
## Bitcoin Levels
- **Bias:** Bullish (short-term push higher, larger long-term reversal signal building)
- **Buy / accumulate:** Weekly divergence framed as a long-term buying zone; $60K is the key support holding
- **Support:** $60,000; $61,000 crucial short-term line
- **Resistance:** $66,000β$67,000, especially $66,500
- **Targets:** Near-term push toward $66K to take out liquidity at $65.6Kβ$65.7K and $66K
- **Invalidation:** A drop below $61,000 would break the bullish setup; an inverse head-and-shoulders would need a pullback to $61Kβ$62K then a break above the $66.5K neckline