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Bitcoin Warms Up for ‘Uptober’ Rally as It Hits $66K: Will BTC Price Make a Strong Comeback?

  • Bitcoin (BTC) has surged past the $66,000 mark, boosting investor confidence by the end of bearish September.
  • Bitcoin's recent recovery might trigger a short squeeze and revive hopes of breaking through the $70,000 level in its Uptober rally.
  • Surging inflows into spot exchange-traded funds (ETFs) have driven the price of Bitcoin to a two-month high of $66,000.
  • The rising 20-day exponential moving average and positive relative strength index suggest that the path of least resistance for BTC price remains upward.

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