According to BlockBeats, on October 17, Jonathan de Wet, chief investment officer of Zerocap, said in an investor report that Bitcoin's upward momentum remains strong.

“We expect Bitcoin to reach $70,000 in the coming weeks,” de Wet said, noting that the technical breakout provides a solid foundation for further gains.

Several positive factors are beginning to converge, including political developments in the United States, which has driven market optimism about policies that are favorable to the crypto industry. (Decrypt)