According to TechFlow, on October 21, Coindesk reported that the momentum indicator, which turned bullish for the first time since April, showed that Bitcoin is expected to break through $70,000. According to TradingView data, the moving average convergence divergence (MACD) indicator turned positive on the weekly chart, indicating that the momentum is upward again. Bitcoin has risen nearly 30% since it fell to a low of less than $53,000 in early September. The market generally expects that the Federal Reserve is inclined to cut interest rates, and the uncertainty of the US election may further push Bitcoin to $100,000 by the end of December.