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Buyers zero in on all-time high of $64,854

Bitcoin rose 0.78% to $62,009 on Monday, October 18. The BTCUSD pair has been locked in a sideways trend for three days. On the daily TF, the last upward trending pulse was 16%, so a three-day correction is usual so that buyers can catch catch their breath before pushing for an all-time high.

The leading cryptocurrency has been drawing support from SEC approval of a Bitcoin ETF. ProShares Bitcoin Strategy is the first BTC futures ETF that is set to debut on the NYSE Arca on Tuesday.

The Bakkt (BKKT) platform based on the Intercontinental Exchange and targeting institutional retail traders saw its shares drop 6.41% to $8.76 after the close of its first day of trading as a public company.

On Tuesday, the DXY index slipped from 93.95 to 93.45. The demand for risk assets remains high today. Cryptocurrency buyers can take advantage of this opportunity to reach the all-time high of $64,854. The S&P 500 is also closing in on its all-time high.

Over the past few days, resistance has formed at $62,900. With medium volatility (fluctuations up to 6%), the next target is $65,200, and high volatility (over 12%) to be expected at $68,900.

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