Bitcoin is predicted to surge above $70k, supported by bullish factors and the release of Binance co-founder CZ from jail.
CZ, the former CEO of Binance, is set to be released from jail on September 29th. Some reports suggest he might be released earlier due to the weekend policy.
CZ will be restricted from playing an executive role in Binance but will remain the owner. The positive sentiment surrounding his release is expected to boost the trade price of Bitcoin and Binance Coin (BNB).
The trade price of BNB is currently at $602, marking a 90% increase year to date (YTD).