Warnings of the possibility that Bitcoin could face a new sell-off wave amid economic concerns
Warnings are increasing about the possibility of Bitcoin coming under fresh selling pressure in the coming period, coinciding with the approach of Monday, October 5, amid concerns related to the Benner Cycle and rising yields on long-term US government bonds. This could weigh on liquidity and lead to tighter financial conditions in the markets.
However, there is currently no confirmed evidence indicating that a collapse has occurred, and these expectations remain within possible scenarios rather than being certain.
Bitcoin is currently trading near $84,861 after recovering from the last sell-off wave, but it still faces pressures at current levels.
Technically, holding the $83,888 area could help support stability and sustain the recovery, while a breakout above $85,000 and staying above it could strengthen the chances of regaining positive momentum. If support breaks, it could bring back selling pressure and open the door for further declines.
$BTC
Warnings are increasing about the possibility of Bitcoin coming under fresh selling pressure in the coming period, coinciding with the approach of Monday, October 5, amid concerns related to the Benner Cycle and rising yields on long-term US government bonds. This could weigh on liquidity and lead to tighter financial conditions in the markets.
However, there is currently no confirmed evidence indicating that a collapse has occurred, and these expectations remain within possible scenarios rather than being certain.
Bitcoin is currently trading near $84,861 after recovering from the last sell-off wave, but it still faces pressures at current levels.
Technically, holding the $83,888 area could help support stability and sustain the recovery, while a breakout above $85,000 and staying above it could strengthen the chances of regaining positive momentum. If support breaks, it could bring back selling pressure and open the door for further declines.
$BTC
