Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
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.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Bitcoin daily gains near 7%
Data from Cointelegraph Markets Pro and TradingViewĀ 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 $60,000 seemingly retained as support, the mood among analysts has stayed more than optimistic.
Looks like #BTC has successfully retested the green area as support$BTC #Crypto #Bitcoin https://t.co/Wr5ojGrSIb pic.twitter.com/ByFllf0wbA
ā Rekt Capital (@rektcapital) October 25, 2021
For Cointelegraph contributor Michaƫl van de Poppe, any levels above $57,000 remain acceptable for BTC/USD.
āI think weāre just going to have a consolidatory period or continue the momentum with some slight sideways action before weāre going to break back up towards $91,000,ā he summarized in his latest YouTube update.
Tesla beats Facebook to top five U.S. stocks
Bitcoin was not the solitary gainer for the day. Tesla also saw an impressive performance as its stock price hit a new all-time high and now aims for $1,000.
Related:Ā BTC price āon the way to $90Kā ā 5 things to watch in Bitcoin this week
Tesla CEO Elon Musk, likewise saw his personal wealth hit an eye-watering $250 billion as he reconfirmed his BTC holdings.
TSLA 1-day candle chart. Source: TradingView
Tesla, meanwhile, outmaneuvered Facebook to become the fifth-biggest U.S. stock.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.