Kraken analysts said that as long as it remains above $66,500, there is still an upward trend on Bitcoin. Analysts also pointed out that if Bitcoin can continue to rise, the next key stage will be the all-time high of $73,679 set in March, and a successful breakout of this level could open the door to new price discoveries and further upward momentum. In response to the previous drop in the price of bitcoin from $66,500 to $65,700, crypto trader Herdy believes that this may be the market's reaction to events such as Tether's FUD and subsequent events such as Israel and Iran.