Tesla stock nears $1,000 for the first time as a resurgent Bitcoin completes its lower support retest and aims for $64,000.
The price of Bitcoin (BTC) hurtled toward $64,000 in a fresh round of bullishness on Oct. 25 as the market left a weak weekend behind.
Bitcoin daily gains near 7%
Data from Cointelegraph Markets Pro and TradingView confirmed solid 6.5% gains for BTC/USD in the 24 hours leading up to 4:00 pm UTC on Oct. 25.
The pair erased its previous losses, which arrived as part of a comedown from new all-time highs seen last week.
As has become customary this month, Bitcoin began rising into the start of trading on United States stock markets, with $64,000 being the next level to reclaim at the time of writing.
With $60,000 seemingly retained as support, the mood among analysts has stayed more than optimistic.
For Cointelegraph contributor Michaël van de Poppe, any levels above $57,000 remain acceptable for BTC/USD.
“I think we’re just going to have a consolidatory period or continue the momentum with some slight sideways action before we’re going to break back up towards $91,000,” he summarized in his latest YouTube update.