Summary of Bitcoin price dip below $60K sparks most exchange buying since 2022

Summary of Bitcoin price dip below $60K sparks most exchange buying since 2022
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/019252cb-3e09-74de-bcbf-1d08519e1bd9

The source article:

quoting nevent1q…numk

Bitcoin price dip below $60K sparks most exchange buying since 2022
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/019252cb-3e09-74de-bcbf-1d08519e1bd9

Bitcoin exchanges see mass withdrawals amid a battle for BTC price support at $60,000.

https://cointelegraph.com/news/bitcoin-classic-uptober-bulls-defend-60k-btc-price

Bitcoin dipped below $60,000 on October 3 as exchanges saw flash buyer demand, with traders torn between further downside and a potential recovery zone. Popular traders and analysts Toni Ghinea and CrypNuevo shared their predictions and insights on the market, with Ghinea predicting a potential drop to $56,000 and CrypNuevo seeing potential for a return of the uptrend. On-chain data showed an increase in Bitcoin outflows from exchanges, while macroeconomic data released in the US showed low unemployment and a strong labor market, boosting faith in risk-assets and crypto.