Bitcoin (BTC) in October 2024: Bullish Run or Market Reversal?

Bitcoin’s recent surge past $65,000 has fueled optimism for a continued rally towards $70,000. However, a confluence of factors, including selling pressure from long-term holders and broader macroeconomic conditions, could potentially temper the momentum.

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While the cryptocurrency market has demonstrated resilience in the face of recent challenges, investors must exercise caution and analyze these key factors before making investment decisions. The interplay between market sentiment, technical indicators, and fundamental news events will likely shape the direction of Bitcoin’s price in October 2024.