Analysis: Bitcoin is expected to break through $70,000 within a few weeks

ChainCatcher news, Zerocap Chief Investment Officer Jonathan de Wet stated in an investor report that the upward momentum of Bitcoin remains strong.

"We expect Bitcoin to reach $70,000 in the coming weeks," de Wet said, noting that the technical breakthrough provides a solid foundation for further gains.

Multiple positive factors are beginning to converge, including political developments in the United States, which have fueled market optimism for policies favorable to the crypto industry.