Bitcoin Breaks Above $66K on Stronger Bullish Momentum

Bitcoin (BTC) has continued its recovery after trading above $66,300. This move is considered bullish momentum as it strengthens the short-term outlook for the leading cryptocurrency.

The recent breakout above the 50-day Exponential Moving Average (EMA) at $65,150 marks an important improvement in market structure for Bitcoin.

However, the broader recovery remains incomplete as BTC continues to trade below the 100-day EMA at $68,082 and the 200-day EMA at $73,982. This indicates that significant resistance levels must be cleared before a stronger bullish trend can emerge.

Technical indicators continue to support the improving market outlook, with the Relative Strength Index (RSI) climbing to 60 and the Moving Average Convergence Divergence (MACD) remaining in positive territory.