On Monday, October 18, at the end of the day, bitcoin rose in price by 0.78%, to 62009. For three days, the BTC / USD pair has been in a sideways trend. On the daily timeframe, the last impulse was 16%, so a three-day correction is normal in order for buyers to catch their breath before renewing the all-time high.
Bitcoin receives support from SEC approval of Bitcoin ETF. ProShares Bitcoin Strategy is the first Bitcoin Futures ETF to begin trading on NYSE Arca on Tuesday.
The Bakkt (BKKT) platform based on the Intercontinental Exchange and targeting institutional retail traders fell 6.41% in shares to $ 8.76 after the close of its first day of trading as a public company.
On Tuesday, the dollar index fell from 93.95 to 93.45. The demand for risky assets remains high today. Crypto buyers can take advantage of this moment to refresh the all-time high at 64854. The SP500 is also approaching its all-time high.
Over the past few days, resistance has formed at $ 62,900. With medium volatility (fluctuations within 6%), the nearest target is $ 65,200, with high volatility (over 12%) - $ 68,900.
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