Bitcoin (BTC) trading through summer had investors worried as the world’s premier cryptocurrency entered a pattern of reaching a series of lower lows after recovering to lower highs.
Such BTC price action cast doubt upon the notion that the crypto market bull cycle will persist into 2025, but most recent trading has again raised the possibility that the downtrend will end.
Bitcoin’s Wednesday climb above $61,500 and then above $62,000 has, per the analysis of Ali Martinez, a prominent crypto expert on X, signaled the return to the bull market, raising the possibility that BTC may again strive for $70,000 in ‘Uptober.’
#Bitcoin attempts to break through an important trend line. Closing today above $61,500 could signal the resumption of the bull market! #Uptober 👀 pic.twitter.com/CU2a38Jsdh
— Ali (@ali_charts) September 18, 2024
Why $70,000 BTC is likely in October
Indeed, a strong rally in the tenth month of the year – a traditionally strong period for cryp
We współpracy z: https://finbold.com/can-bitcoin-hit-70k-in-uptober/
