Bitcoin experiences its highest daily close of all time as the BTC / euro pair hits all-time highs


Bitcoin (BTC) failed to beat its all-time highs on October 20th, but a separate record left the bulls confident of a breakout.

BTC / USD 1-day candle chart (Bitstamp). Source: TradingView

Bitcoin reaches new all-time high against the euro

Data from Cointelegraph Markets Pro and TradingView showed that BTC / USD hit $ 64,490 on Bitstamp overnight.

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Despite being just inches from its April peak, the move still sealed Bitcoin’s highest daily close – around $ 64,230.

Several currencies, including the Japanese yen, the Australian dollar and the euro, hit new all-time highs on Wednesday.

BTC / EUR 1-week candlestick chart (Coinbase). Source: TradingView

It was time for popular trader Crypto Ed to reevaluate the likely short-term goals.

“Summary: At 40k, I mentioned 73k as the first target, but I think we’ll go higher and lengthen those waves further. In fact, I think we have a good chance we won’t go below 60k for a while, ”he tweeted.

A worst case scenario could include a brief “spike” down to $ 58,000, but that would be clear skies for “the coming weeks / months,” he added.

The bullish tone across the board follows a successful day for the first $ 1 billion Bitcoin Exchange Traded Fund (ETF) in the United States with $ 550 million in assets under management after just a single trading session.

Accordingly, open interest for Bitcoin futures hit a new all-time high of $ 817.6 million, data from on-chain analytics firm Glassnode confirms.

Where’s the FOMO?

The atmosphere makes the comparatively low mainstream interest in Bitcoin all the more unusual.

Related: Bitcoin RSI strength suggests that BTC price is still far from its cycle high

Institutional excitement aside, the data shows that compared to the beginning of this year, hardly anyone is tracking or verifying Bitcoin.

As Cointelegraph reported, this has been the case for some time, but even jumping to all-time highs hasn’t reversed the trend.

Worldwide Google search interest in “Bitcoin”. Source: Google Trends

A normalized score from Google Trends puts the interest in “Bitcoin” at 36 this week, relative to 100 in mid-May.