Bitcoin (CRYPTO:BTC) traders displayed remarkable resilience, brushing aside concerns over Silk Road BTC sales, propelling the cryptocurrency's price beyond the $66,000 mark once again.

Despite the United States government selling a portion of the Bitcoin it seized from the Silk Road, the market's reaction was notably subdued, indicating strong underlying confidence among investors.

Michaƫl van de Poppe, a prominent figure in the trading community, emphasised the broader market perspective, suggesting that the sale's impact was minimal compared to the overall bullish sentiment.

The recent inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) further underscore the sustained interest and optimism in Bitcoin, with substantial investments overshadowing the government's sell-off.

With Bitcoin overcoming one of its major long-term resistance levels, traders are now looking for continued momentum from buyers to solidify its position and potentially set the stage for further gains.