Talking about Bitcoin

Bitcoin is currently trading at $62,255.65, up 2% last week. The Bitcoin market was affected by volatility before the end of last week, but Bitcoin has risen slightly since the beginning of this week.

Bitcoin recently surged at the weekly open, forming two major long liquidation levels due to high leverage. The increase in the value of Bitcoin may happen sooner or later. This shows a surge in aggressive buying behavior, which further indicates upward momentum.

Despite the current situation, Bitcoin is expected to have a bullish month. Late October is usually seen as quite bullish, while the first half of the year is usually slower. Once the $63,000 price level is surpassed, the price of Bitcoin is expected to remain above this level. Moreover, some predictions believe that the maximum price of Bitcoin will soar to $79,208 by the end of this month.