Bitcoin (BTC) has two new key levels to preserve as support as BTC price action bounces from ten-day lows. In his latest X coverage on Oct. 24, Keith Alan, co-founder of trading resource Material Indicators,

As of 8 a.m. ET, the price of bitcoin, or 1 BTC, was $66,418.81. The crypto’s highest intraday price in the past year was $73,750.07 on March 14, 2024. The chart above pulls data as of 8 a.m. ET daily and doesn’t display intraday highs or lows.

On October 21, open interest in Bitcoin derivatives reached an unprecedented high, indicating a robust engagement in the market as the price of Bitcoin approached the $70,000 threshold. CoinGlass reported that the open interest (OI) on Bitcoin futures contracts had escalated to a record $40.