Bitcoin (BTC) failed to beat its all-time highs on Oct. 20, but a separate record kept bulls confident of a breakout.<\/p>\n
Data from Cointelegraph Markets Pro and TradingViewshowed BTC\/USD reaching $64,490 on Bitstamp overnight.<\/p>\n
While inches from matching Aprils peak, the action nonetheless sealed Bitcoins highest-ever daily close around $64,230.<\/p>\n
In several currencies, including the Japanese yen, Australian dollar and euro, new all-time highs were already in on Wednesday.<\/p>\n
For popular trader Crypto Ed, it was time to reevaluate likely short-term targets.<\/p>\n
Summary: at 40k I mentioned 73k as first target but I think were going higher and keep extending those waves. I think we even have a good chance were not going sub 60k for a while, he tweeted.<\/p>\n
A worst-case scenario could involve a brief spike downward to $58,000, but this would be followed by clear skies for the coming weeks\/ months, he added.<\/p>\n
The bullish tone across the board follows a successful day for the first Bitcoin exchange-traded fund (ETF) in the United States, with $1 billion in volume and $550 million in assets under management after just a single trading session.<\/p>\n
Correspondingly, Bitcoin futures open interest hit fresh all-time highs of $817.6 million, data from on-chain analytics firm Glassnode confirms.<\/p>\n
The atmosphere makes the comparative lack of mainstream interest in Bitcoin all the more unusual.<\/p>\n
Related:Bitcoin RSI strength suggests BTC price is still far from its cycle top<\/p>\n
Beyond institutional excitement, data shows that hardly anyone is following or checking on Bitcoin relative to earlier this year.<\/p>\n
As Cointelegraph reported, this has been the case for some time, but even a trip to the threshold of all-time highs has failed to upend the trend.<\/p>\n
A normalized score from Google Trends put Bitcoin interest at 36 this week, relative to 100 in mid-May.<\/p>\n
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