Bitcoin (BTC) failed to break its all-time high on October 20 – but a separate record leaves the bulls confident of a breakout.
Bitcoin reaches new all-time high against the euro
Data from Cointelegraph Markets Pro and TradingView show that BTC / USD hit $ 64,490 overnight on Bitstamp.
Despite being just inches from its April peak, the promotion still marks Bitcoin’s highest daily close of all time – around $ 64,230.
Multiple currencies including the Japanese yen, Australian dollar and euro all hit new all-time highs on Wednesday.
It is time for popular trader Crypto Ed to reconsider possible short-term goals.
“Summary: At 40,000, I was referring to the initial target of 73,000, but I think we’re moving higher and scaling those tranches further. I think we even have a good chance we won’t go below 60,000 for a while, ”he said tweeted.
The worst-case scenario could include a short-term “spike” to $ 58,000, but that will be followed by clear skies in the “coming weeks / months,” he added.
The bullish tone across the board follows a successful day of the first Bitcoin Exchange Traded Fund (ETF) in the US with a volume of $ 1 billion and assets under management of $ 550 million in just one session.
Previous ATH of $ 816,194,977.96 as observed on October 19, 2021
Show index: https://t.co/sX9wgOdDRb pic.twitter.com/ClLpHUMDTg
– Glasnode warning (@glassnodealerts) October 20, 2021
Accordingly, open-interest Bitcoin futures hit an all-time high of $ 817.6 million, according to data from online chain analysis company Glassnode.
The atmosphere makes the lack of mainstream interest in Bitcoin all the more unusual.
Related: Bitcoin RSI Strength Shows BTC Price Still Far From Its Cycle Peak
Institutional excitement aside, the data shows that almost no one is tracking or verifying Bitcoin compared to earlier this year.
As Cointelegraph reported, this has been the case for a while, but even jumping to all-time highs is unlikely to change the trend.
A standardized score from Google Trends puts the interest in “Bitcoin” at 36 this week, compared to 100 in mid-May.