Bitcoin (CRYPTO: BTC) has broken the $65,000 mark, trading at $65,840 at the time of writing, up 5.4% over the past 24 hours.
What Happened: Crypto trader Stockmoney Lizards has turned bullish, noting that while many are anticipating further lows, they may soon be left behind due to several indicators:
The trader concluded that “Uptober” is still in play.
Also Read: Bitcoin Closes In On $65K As ETFs See Over $400M In Net Inflows
Why It Matters: Crypto trader Jelle, in his latest tweet, compared the Bitcoin's current price pattern to 2023 levels, saying the crypto king reclaimed the 200-week EMA in the second week of October 2023 before a big uptrend. The same pattern may be playing out now.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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