Bitcoin is trading near a historical high
On Tuesday, October 19, at the end of the day, bitcoin rose by 3.66% to $64,280. Market activity increased in the US session when the US stock market opened. On the New York Stock Exchange, trading began in shares of the first American index fund ProShares (ETF), whose activities are related only to cryptocurrencies. It is the eighth largest index fund in the United States.
The first day of trading was successful. ETF securities under the ticker BITO rose in price by 2.5%, to $41.94 per share. From the low of $40.07, the growth was 4.63%. On Wednesday, the price remains at $41.94 on the premarket.
Bitcoin (BTC) is approaching the historical maximum of $64854
The price is $1000 away from it. The medium-term trend is still clearly bullish. There are signs of buyers’ weakness in the short-term temporary TF. Sellers have activated and are putting on a “double top”.
On the daily timeframe, everything is free up to $ 70 thousand. The share of bitcoin has grown to 47.26%. If there are no surprises from the regulators, then by the end of the month it can test. The support is the level of $58800.