Bitcoin is approaching the month's close with a long-awaited recovery.

As we hypothesized last week, comments from Federal Reserve Chairman Jerome Powell and the general weakening of the US dollar triggered an increase in volatility and strengthening of the crypto asset. The upward momentum surpassed the upper limit of the local range, located around the $62000-63000 levels. At present, the price is attempting to consolidate above these marks, and if successful, movement targets may lie around the $68000 level or higher.