20.10.202123:09 Forex Analysis & Reviews: Bitcoin has renewed its record highs: the $70,000 milestone will soon be overcome, this is favored by the hype and the fundamental background

Today is a historic day, marked by a new record high for bitcoin. Yes, ladies and gentlemen, it has happened. Bitcoin continues to drift on a bullish wave and today it officially renews its all-time highs.

Digital gold has broken its April high of $64,800, and today it is already trading at a price of $66,800.

Now bitcoin is aimed at a milestone of $70,000, if you look at the hype of the bull market, then in the very near future the bar will be overcome.

The wave of hype and the fundamental background of bitcoin make it clear that this is only the beginning of a large and long rally.

Many analysts and even critics have already recognized that bitcoin is a real indestructible force. It managed to overcome Chinese repression, the imposition of bans on it in Turkey, to get out and go up in spite of everyone.

For most, this event has become a real happy day, as it is a real victory over the rotten and outdated fiat system, over corruption.

Bitcoin is a real freedom, it is the right to choose.

At the beginning of the month, bitcoin was trading at $40,000, it was preceded by a bearish September.

However, the bulls took the situation into their own hands, and in October bitcoin showed an incredible rise, first on the wave of rumors, and then after the announcement of the creation of the first ever Bitcoin ETF.

Digital gold has soared to its highs, and many analysts are confident that the $70,000 milestone will already be conquered this month.

The supply of bitcoins on many crypto exchanges has fallen to three-year lows, now the total bullish mood in the crypto market is clearly visible.

Many experienced holders, many companies are already in huge profits, this also applies to Tesla and Microstrategy, which has already made profits of more than $3 billion, Tesla's profit was more than $1 billion.