Bitcoin to ‘break loose’ at $70K as Uptober flips green
Bitcoin analysts have become optimistic about the asset’s price amid its surge beyond $64,000, with some believing the “summer lull is behind us.”
Auto Added by WPeMatico
Bitcoin analysts have become optimistic about the asset’s price amid its surge beyond $64,000, with some believing the “summer lull is behind us.”
Bitcoin reclaimed the $60,000 price level for the first time in 14 days, amid a month that is typically perceived as bearish for Bitcoin.
If Bitcoin is to maintain its longer-term uptrend, it must avoid breaking down below $56,000, according to a crypto analyst.
Bitcoin’s bullish pattern on the chart is signaling to crypto traders a potential 25% price increase from its current level.
