Bitcoin (BTC) price dropped to $64,000 in a new round of bullishness on October 25 as the market left a weak weekend behind.
1 hour BTC/USD light chart (bit print). Source: TradingView
Bitcoin is adding about 7% daily
Data from Cointelegraph Markets Pro and TradingView confirmed a solid 6.5% gain for BTC/USD in the 24 hours ahead of 16:00 UTC on October 25.
The pair reversed its earlier losses, which came as a result of declines from all-time highs recorded last week.
As Bitcoin has become popular this month, it has started to rally in early trading in the US stock markets, and at the time of writing, it is at $64,000 as the next level to recover.
With $60,000 apparently provided as support, analyst sentiment remains more than optimistic.
For Cointelegraph member Michael van de Poppe, all levels above $57,000 remain acceptable for BTC/USD.
“I think we’ll have a period of consolidation or continue to gain momentum with a little side action before we drop to $91,000,” he summed up in his latest YouTube update.
Tesla outperforms Facebook in the 5 largest US stocks
Bitcoin wasn’t the only winner of the day. Tesla also posted great results as the stock price hit a new all-time high and is now targeting $1,000.
Related: BTC Price “On the Way to $90K” – 5 Things to See in Bitcoin This Week
Tesla CEO Elon Musk also saw his personal fortune reach $250 billion when he confirmed his BTC holdings.