On October 25, at the end of the day, bitcoin rose in price by 3.66%

On Monday, October 25, at the end of the day, bitcoin rose in price by 3.66%, to $ 63,078. The $ 59510 level acted as a support for the first correction after the renewed all-time high. The price recovered 50%, falling from $ 67,000 to $ 59,510.

On Tuesday, the BTC / USD pair is trading in a slight minus. On the Binance exchange, they give $ 62,555 for one bitcoin. The price is correcting after a 7% rise. The external background still favors the continuation of the upward movement, up to the renewal of the $ 67,000 high. The demand for risky assets remains.

In September, Tesla sent the reporting documentation to the Securities and Exchange Commission (SEC), in which it did not rule out that work with cryptocurrency would resume in the near future. The market reacted sluggishly to the news.

“In the future, we may resume digital asset transactions for our products and services,” the company wrote in its 10-Q filing, released Monday. “We believe in the long-term potential of digital assets, both as an investment and as a liquid alternative to cash.”

At the hourly TF, resistance formed at $ 63,700. Buyers have 40 hours to gain a foothold above it. The sellers' task is to gain a foothold below $ 61,700. They are betting that if they fall below $ 61,700, buyers will start closing long positions. Uncertainty is introduced by the upcoming FOMC meeting (November 2-3).

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