Warnings of a potential new Bitcoin drop amid economic concerns
Warnings have increased about the possibility of Bitcoin facing strong selling pressure in the coming period as Monday, October 5 approaches, amid worries related to the Benner Cycle and rising yields on long-term U.S. bonds, which may lead to tighter financial conditions and reduced market liquidity.
Despite these concerns, there is no confirmed evidence of a crash, and expectations remain just uncertain scenarios.
Bitcoin is trading near $84,961 after recovering from a previous downwave, but it still faces pressure at current levels. Holding the $83,888 zone may support continued stability, while breaking $85,000 and holding above it could enhance recovery prospects; however, a break of support could bring selling pressures back to the forefront.
Warnings have increased about the possibility of Bitcoin facing strong selling pressure in the coming period as Monday, October 5 approaches, amid worries related to the Benner Cycle and rising yields on long-term U.S. bonds, which may lead to tighter financial conditions and reduced market liquidity.
Despite these concerns, there is no confirmed evidence of a crash, and expectations remain just uncertain scenarios.
Bitcoin is trading near $84,961 after recovering from a previous downwave, but it still faces pressure at current levels. Holding the $83,888 zone may support continued stability, while breaking $85,000 and holding above it could enhance recovery prospects; however, a break of support could bring selling pressures back to the forefront.
