Bitcoin holds $66K as altcoins eye a major breakout

Bitcoin is holding strong near the $66,000 mark right now, and technical signals suggest the wider crypto market might be entering a brand new phase. If top tokens manage to break above their current resistance levels, we could see a quick march toward $72,000 or even $73,000 in the near future. Some analysts point to $80,000 as a realistic target if the key 200 day moving average gives way.

Following months of quiet sideways accumulation, altcoins are finally showing signs of life. Traders are watching the charts closely to see if liquidity will rotate out of Bitcoin and flow directly into smaller tokens. When Bitcoin stabilizes near all time highs or key resistance zones, altcoins historically tend to catch fire and post impressive gains.

For the market to confirm this next leg up, investors should watch daily trading volumes and key resistance levels over the coming days. A strong daily close above current barriers will signal that the bulls are back in control. Keep an eye on your favorite altcoin charts because things could move fast from here.