Bitcoin Price Pullback Holds Above $59,000 As Bulls Plot Ultimate Rally To $70,000

• Bitcoin renews the uptrend above $62,000 as bulls look forward to new record highs.
• The short-term technical picture appears positive for BTC apart from a sell sig al from the MACD.

Bitcoin recently rose to a new all-time high amid the speculation accompanying the approval of the first BTC futures ETF. The flagship cryptocurrency lifted to slightly above $67,000, a move that significantly reduced the distance to $70,000. Many analysts believe that Bitcoin still has a long way to go, with the next two months before the year ends being of great concern.