For the first time since June, the price of Bitcoin has exceeded the $70,000 mark after two successful weeks of capital inflow into Bitcoin-based exchange funds in the US. For the week ending October 25, Bitcoin funds recorded a capital inflow of $920 million, raising the annual volume of investments to $25.4 billion. Another successful week was the period ending October 18, when $2.1 billion was invested into 11 American Bitcoin ETFs.

Technically, the price is in the resistance zone.

If the maximum is overcome, there may be a development of an ascending impulse, triggered by the closure of seller's positions.