Bitcoin May Start a Bull Run

🔵 Experts from the trading platform DecenTrader believe that Bitcoin is holding a key support level around $63,000, which gives it a strong chance to begin a bull rally.

🔵 Analysts suggest that the price increase in late September was influenced by the actions of the Chinese government, which proposed measures to stimulate the economy. Currently, the ratio of long to short positions in Bitcoin is at an exceptionally low level. According to the platform’s experts, such a situation has historically preceded significant price increases for the asset.

🔵 Earlier, Bloomberg experts noted that Bitcoin’s price rose by more than 10% in September, and by 56% since the beginning of the year. This growth is attributed to the influx of funds into spot Bitcoin ETFs.