Bitcoin's price has been on the rise, breaking past the $66,000 mark and leaving investors wondering what's behind the surge. Amidst the market volatility, a flurry of factors could have contributed to the gains.

One reason is the accumulation of Bitcoin by whales, who have been buying up assets during market dips to book maximum profits. A recent report from Lookonchain showed that a smart whale purchased 6,070 BTC worth $395 million, marking his first purchase in over 1.5 years.

Analysts are also bullish on Bitcoin's future, with some predicting a price of $91,000. The launch of the U.S. Spot Bitcoin ETF and growing institutional interest in the crypto have also fueled market sentiment.

The recent recovery in the broader market and the BTC price surge have helped investors shift their focus towards the flagship crypto. With the price soaring 1.13% and crossing the brief $66,200 mark, investors are increasingly confident.

The Bitcoin Fear and Greed Index stands at 60, suggesting a greed sentiment in the market. With analysts remaining bullish and the market sentiment looking positive, Bitcoin's price may continue its upward momentum. However, investors should exercise due diligence, given the still-volatile scenario hovering over the market.

In conclusion, the recent surge in Bitcoin's price is a result of a combination of factors, including whale accumulation, analyst predictions, and market sentiment. As the market continues to evolve, investors should stay informed and adapt to the changing landscape.