Bitcoin analysts are becoming optimistic about the asset’s price amid its surge beyond $64,000, with some saying the “summer lull is behind us.”
Bitcoin has surged past $64,000 for the first time since Oct. 7, sparking speculation among crypto analysts that this could be the breakout moment market participants have been anticipating during October.
Although Bitcoin (BTC) regaining $64,000 doesn’t equal new highs or even long-term peaks, it has changed the sentiment among commentators following Bitcoin’s retrace to $59,000 on Oct. 10, in a month that’s historically one of Bitcoin’s strongest.
“It’s on the verge,” 10T Holdings founder Dan Tapiero opined in an Oct. 14 X post following Bitcoin rising above $64,000, a 3.16% gain since Oct. 13.
