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03 October, 2024

Bitcoin Bears Emerge: Is $60,000 the New Target?

03 October, 2024

A shift in sentiment has gripped the Bitcoin market, with traders now predicting a downward trajectory. The prevailing opinion suggests that the short-term outlook for Bitcoin is bearish, and many are eyeing a potential drop below the $60,000 mark. This change in sentiment has been fueled by a confluence of factors, including recent market volatility, macroeconomic concerns, and a growing sense of caution among investors.