Bitcoin (BTC) price fell to $ 64,000 in a new bull run on October 25 as the market left a weak weekend.
Bitcoin daily increase of almost 7%
Data from Cointelegraph Markets Pro and TradingView confirmed a solid 6.5% increase for BTC / USD in the last 24 hours through Monday 4:00 p.m. UTC.
The pair has made up previous losses as part of a decline from new all-time highs of October 25th.
As usual this month, Bitcoin began to rebound at the start of trading on the US exchange, with $ 64,000 being the next level to rebound at press time.
With $ 60,000 apparently being held as support, analyst sentiment remains far more bullish.
– Rekt Capital (@rektcapital) October 25, 2021
For Cointelegraph employee Michaël van de Poppe, any level above USD 57,000 for BTC / USD is still acceptable.
“… I think we will have a period of consolidation or continuation of momentum with slight sideways movements before we bounce back towards $ 91,000,” he summed up in his latest YouTube update.
Tesla beats Facebook to win top 5 US stocks
Bitcoin isn’t the only cop of the day. Tesla ($ TSLA) also had impressive performance as the stock hit a new all-time high and is currently targeting $ 1,000.
Related: BTC Price ‘Coming To $ 9,000’ – 5 Things To Watch For Bitcoin This Week
Elon Musk, CEO of Tesla, also saw his personal fortune hit $ 250 billion when he did confirm again its BTC holdings.
Tesla has now overtaken Facebook to become the fifth largest US stock.