Why Bitcoin Price May Fall Below $60000?

Quick Summary:

However, the positive sentiment among bulls built after breakouts on technical charts, US Fed rate cuts, and Donald Trump’s re-election odds has now faded amid the latest concerns.

Bitcoin price witnessed a much-needed recovery to $70,000 amid FOMO related to ‘Uptober’ rally.

The $100K BTC price prediction by notable people and companies does not fit with options traders.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: IndiaIsraelUkraine

Topics: Bitcoin Options Tether Israel-Iran war Bitcoin News 24/7 Cryptocurrency News Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 12:05:33 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 737 words

Reading Time: 5 minutes read

Sentences: 55 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23250604

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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