Bitcoin (BTC) is in line for a continuation of its bull run, fresh analysis says, every bit BTC/USD retains its ii.2% daily gains.

BTC/USD 1-60 minutes candle chart (Bitstamp). Source: TradingView

$62,500 eyed for BTC price bounce

Every bit data from Cointelegraph Markets Pro and TradingView tracks Bitcoin's all-time solar day for a week, confidence in higher levels is building.

Earlier Tuesday, Nov. ii, the largest cryptocurrency abruptly exited a sideways trading aqueduct to add together nearly $2,000 in just over an hr.

Among calls of a potential breakout, pop trader Pentoshi believes that $62,500 may exist buyers' only chance to "purchase the dip."

"$BTC any pullback towards 62.5k is a great bid zone to add," he advised Twitter followers alongside an accompanying chart.

"Looks as tho consolidation could be over and ready to trend again."
BTC/USD annotated chart. Source: Pentoshi/Twitter

With the Wall Street open around the corner, conviction is firmly evident among marketplace participants, with annotator TechDev calling for a march across all-fourth dimension highs of $67,100.

Related: Price analysis 11/1: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, LUNA

Ether (ETH), the largest altcoin by market capitalization, saw a fresh best high of $4,482 Tuesday, days later its previous record.

ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView

The elevation ten cryptocurrencies by market place cap were led past Polkadot (DOT), upward fifteen% on the day at $52 — itself an all-time high after its own October rally.

Bitcoin de facto hit its "worst-instance scenario" monthly close for October, thus remaining on form to see almost $100,000 past the end of this calendar month.

New all-fourth dimension highs for ETH and DOT

Bullish sentiment is also coming from a resurgent altcoin sphere.