Crypto Market Regains Momentum Ahead of Potential Breakout

The crypto market has regained its momentum and is poised for a potential breakout. After a brief dip to $2.19T, market capitalization has returned to its previous trading range, with many leading cryptocurrencies fluctuating between -2.5% and +1.5% over the past 24 hours.

Bitcoin's attempt to climb above $65K was unsuccessful for the second time, but a breakout above $66K could be a self-fulfilling prophecy, attracting those who have been on the sidelines for a long time.

Large holders of Bitcoin, such as Satoshi Nakamoto and Satoshi Nakamoto, are building up their positions while prices remain close to or below the realised price, reducing selling pressure. This is a sign that the bear market may be coming to an end.

However, Tesseract Group warns that the current situation in Bitcoin should not be viewed as a 'lull', given weak trading volumes and limited market depth. The decline in volatility is also a reason to exercise caution regarding leverage.