Bitcoin price surged above $66,000 as it heads towards the end of the monthly trade, flipping the bearish narrative.
The technicals have also flipped to bullish, validating a potential bullish narrative for Q4, 2024. Regardless of the growing strength of the bulls, the price remains stuck within a descending trend, hence raising concerns over its stability.
Investors are hopeful for a bullish breakout, but the market's future movement remains uncertain, especially as technical indicators currently show both potential for gains and areas of caution.
