On Monday, October 25, at the end of the day, bitcoin rose by 3.66% to $63078. The $59510 level provided support for the first correction after updating the historical maximum. The price recovered by 50% to fall from $67,000 to $59510.
On Tuesday, October 26, the BTC/USD pair is trading in a slight minus
On the Binance exchange, they give $ 62555 for one bitcoin. The price is adjusted after a 7% increase. The demand for risky assets remains. The external background is still favorable for the continuation of the upward movement, up to the update of the maximum of $ 67,000.
In September, Tesla (NASDAQ: TSLA) sent reporting documentation to the Securities and Exchange Commission (SEC), in which it is possible that work with cryptocurrency will resume in the near future. The market reacted sluggishly to the news.
Resistance formed at the level of $63700. Buyers have 40 hours to gain a foothold above it. Sellers have a task to gain a foothold below $61700. They bet that when bitcoin falls below $61700, buyers will start closing long positions.