Analyst: Bitcoin has strong upward momentum and is expected to break through $70,000 in a few weeks

BlockBeats news, on October 17, Zerocap Chief Investment Officer Jonathan de Wet 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 technical breakthroughs provide a solid foundation for further gains.

Multiple 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)