Bitcoin (Bitcoin) Failed to hit a record high on October 20, but another record gave the bulls confidence in the breakthrough.
Bitcoin hits record high against the euro
Data from Cointelegraph Markets Pro with Transaction view It shows that BTC/USD reached $64,490 on Bitstamp overnight.
Although only a few inches from the peak in April, this move still set the highest daily closing price in Bitcoin’s history-approximately $64,230.
Calculated in multiple currencies such as the Japanese Yen, Australian Dollar and Euro, it has reached a record high on Wednesday.
For the popular trader Crypto Ed, it is time to re-evaluate possible short-term goals.
“Summary: At 40k, I mentioned 73k as the first goal, but I think we will go higher and continue to expand these waves. I think it is very likely that we will not even go below 60k for a while,” he Tweet.
He added that the worst-case scenario could be a brief “surge” to $58,000, but then “the next few weeks/months” will be clear skies.
One day after the success of the first Bitcoin exchange-traded fund (ETF) in the United States, the overall bullish tone, $1 billion in transaction volume with USD 550 million Assets managed only after one trading session.
#Bitcoin Bitcoin The open interest of the futures contract has just reached an ATH of USD 817,605,927.21 #Bitfinex
The previous ATH observed on October 19, 2021 was US$816,194,977.96
View metrics:https://t.co/sX9wgOdDRb pic.twitter.com/ClLpHUMDTg
-Glass node alerts (@glassnodealerts) October 20, 2021
Correspondingly, data from the on-chain analytics company Glassnode confirmed that open positions in Bitcoin futures hit a record high of US$817.6 million.
Where is FOMO?
This atmosphere makes the relative lack of mainstream interest in Bitcoin all the more unusual.
related: Bitcoin RSI strength indicates that BTC price is still far from the top of its cycle
In addition to institutional excitement, the data shows that compared to earlier this year, almost no one pays attention to or checks Bitcoin.
As Cointelegraph ReportThis situation has been around for some time, but even the historical high threshold has not been able to subvert this trend.
The normalized score comes from Google Trends Set the interest of “Bitcoin” to 36 this week and 100 in mid-May.
