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.