Bitcoin surpassed $66,000 on Tuesday, breaking through recent resistance levels and recording its highest price in more than a month.

The cryptocurrency reached an intraday high of $66,306. The move followed repeated tests of the $65,000 area and came amid renewed trader optimism for further gains.

Market participants pointed to potential upside toward $67,000 and beyond, with some forecasts suggesting an additional 5 percent to 6 percent increase if nearby resistance at $67,500 to $68,000 is cleared. The $70,000 level has emerged as a longer-term focus.

Short liquidations contributed to the upward momentum, with approximately $200 million in cross-cryptocurrency positions closed over 24 hours. Derivatives data indicated growing demand for upside exposure into month-end, particularly ahead of the Federal Reserve meeting on July 28-29.

Traders noted that while some buying interest appeared limited, the price action reflected improving risk sentiment amid ongoing geopolitical developments. The next key test for sustained momentum lies in holding above the recent breakout zone.