Summary of Bitcoin Bounce Above $62K Quickly Fades; Ether, XRP, ADA, LINK Lose as Torrid October Continues

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Bitcoin Bounce Above $62K Quickly Fades; Ether, XRP, ADA, LINK Lose as Torrid October Continues

Bitcoin's price is currently retesting its "Bull Market Support Band" trend indicator, where prices often rebounded from pullbacks during uptrends.

https://www.coindesk.com/markets/2024/10/02/bitcoin-bounce-above-62k-quickly-fades-ether-xrp-ada-link-lose-as-torrid-october-continues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin's price surge above $62,000 was quickly reversed, while other cryptocurrencies like ETH, XRP, and ADA fell 5-7% over the past 24 hours. Analysts predict that Bitcoin could drop to $55,000 if the Middle East conflict worsens, but the $60,000 level has provided support so far.

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2024-10-02 19:50:01

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