Weekly closing at an all-time high — Five things to keep an eye on in Bitcoin this week

This week, Bitcoin (BTC) absolutely refuses to die, as a drop below $60,000 lasts only an hour and bears are once again scorched.

Following a relatively tranquil weekend, BTC/USD had an usual drop on Sunday, Oct. 17, before a spectacular rebound an hour later.

With that, Bitcoin has not only maintained its upward trend, but also achieved its biggest weekly closing ever — over $61,500.

Analysts believe volatility is all but certain as the market prepares for the probable commencement of trading for the United States’ first Bitcoin exchange-traded funds (ETF).

In the week when BTC/USD squares up to all-time highs and institutional access takes a historic leap forward, Cointelegraph looks at five things to think about.

Bitcoin allows you to “buy the dip” in less than an hour.

Bitcoin shocked everyone again overnight, just when it appeared that the march to all-time highs had reached a stumbling block.

Bulls had little time for BTC price weakness after dropping $60,000 late Sunday, and they went on an aggressive purchasing frenzy before BTC/USD even touched $59,000.