The Bitcoin (BTC), price soared to $64,000 on Oct. 25, as the market left behind a weak weekend.
BTC/USD 1-hour candle charts (Bitstamp). Source: TradingView
Bitcoin gains daily near 7%
Cointelegraph Markets Pro and TradingView data confirmed that BTC/USD gained 6.5% in the last 24 hours, up to Monday at 4 p.m. UTC.
The pair has erased all its losses. These were part of a decline from the Oct. 25 new all-time highs.
Bitcoin rose to the point of being traded on the stock market in the United States, as is becoming customary every month. The next level of trading was $64,000 at the time this article was written.
Analysts remain more optimistic than ever with $60,000 being retained as support.
Looks like #BTC has successfully retested the green area as support$BTC #Crypto #Bitcoin https://t.co/Wr5ojGrSIb pic.twitter.com/ByFllf0wbA
— Rekt Capital (@rektcapital) October 25, 2021
Michael van de Poppe (Cointelegraph contributor) said that any level above $57,000 was acceptable for BTC/USD.
“… I think we’re only going to have a consolidatory or continue the momentum, with some slight sideways actions before we break back down towards $91,000,” he stated in his most recent YouTube update.
Tesla surpasses Facebook in top 5 US stocks
The day’s biggest gainer was not Bitcoin. Tesla ($TSLA), also had an impressive day. The stock reached a new record high and now targets $1,000.
Related: Bitcoin price on the rise – 5 Things to Watch in Bitcoin This Week
Elon Musk, Tesla CEO, saw his personal wealth reach an eye-watering $250 Billion as he confirmed his BTC holdings.
$TSLA 1-day candle graph. Source: TradingView
Tesla, however, outperformed Facebook to become America’s fifth-largest stock.
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