On Wednesday, $Bitcoin (BTC.CC)$ Once rising nearly 3%, surging above $68,000, some bulls are once again setting their sights on the historical high point bitcoin reached in March. As of the time of writing, bitcoin still maintains a high of $67,570.

Brett Munster of Blockforce Capital wrote, 'Bitcoin's price has undergone 6 months of consolidation, I am prepared for the perfect storm of Bitcoin and other crypto assets.'

Bitcoin last reached $70,000 in July, hitting a new historical high of nearly $74,000 in March this year.

Munster wrote, 'Global liquidity is rising again, global central banks are injecting cheap capital into their economies. Historically, when global liquidity exceeds its moving average, it often coincides with a significant rise in Bitcoin prices.'

This week, U.S. Vice President Harris pledged to support a regulatory framework for cryptos, further enhancing optimism in the cryptocurrency sphere. This acknowledgement comes after years of complaints from the crypto industry about U.S. officials choosing enforcement over clear regulation.

Former President Donald Trump is actively seeking crypto voters in the current presidential race, competing with Harris and having multiple ongoing projects related to cryptos.

However, it is worth noting that Tesla CEO Musk may sell his holdings in Bitcoin.

Tesla is one of the largest company holders of Bitcoin, having transferred almost all of its $0.76 billion Bitcoin to an unknown wallet, sparking the possibility that the auto manufacturer may be considering selling.

According to the crypto data company Arkham Intelligence, on Tuesday, wallets associated with this electric car manufacturer transferred over 11,500 Bitcoins to wallets with unknown ownership. Tesla's wallet now holds only about $6.65 worth of Bitcoin, basically close to zero.

According to data from BitcoinTreasuries, Tesla is the fourth largest holder of Bitcoin among publicly listed companies in the USA. The top three Bitcoin holders are software company MicroStrategy, Bitcoin mining company MARA Holdings, and Riot Platforms.

According to Arkham's data, Tesla purchased $1.5 billion worth of Bitcoin in February 2021 and held as much as $2.5 billion worth of Bitcoin at one point. However, the company sold 75% of its holdings at a loss in early 2022. As of March this year, Tesla holds approximately 11,509 Bitcoins worth around $0.77 billion.

Musk previously announced that when Tesla first acquired its Bitcoin reserve, the company would soon accept Bitcoin payments, but this plan was soon abandoned due to environmental concerns.

While some of Musk's companies, including Tesla and SpaceX, hold Bitcoin on their balance sheets, Musk mentioned in an interview in July that he believed that 'Bitcoin and some other cryptos have some value', but he has a special fondness for Dogecoin.

Editor/rice