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2021-10-26

BTC/USD price - how will the market perform?

The price of Bitcoin ( BTC ) fell to $64,000 in a new bullish round on October 25 as the market left behind a weak weekend.

Data confirmed a solid 6.5% gain for BTC/USD in the 24 hours before 16:00 UTC on October 25.

The pair has erased the previous losses that came as part of the a decline after last week's new all-time highs.

As has become customary this month, Bitcoin began to rise in early trading on US exchanges, and $64,000 was the next level to recover.

With support seemingly retained at $60,000, sentiment among analysts remained more than optimistic.

Bitcoin was not the lone gainer of the day. Tesla also posted impressive results as its share price reached a new all-time high and is now aiming for $1,000.

Tesla CEO Elon Musk also saw his personal wealth reach $250 billion when he reaffirmed his holdings in BTC.