**Bitcoin Faces Turbulent Week Amid Geopolitical Tensions**

Bitcoin (BTC) has experienced a sharp decline, dropping $6,000 from Sept. 29 to Oct. 3, hitting a two-week low of $59,860. Analysts attribute the sell-off to geopolitical tensions in the Middle East and weakening US economic data.

Key support levels, including the 50-day and 100-day exponential moving averages (EMAs), have been breached, signaling potential further declines. Analyst AlphaBTC suggests keeping reserves for a deeper drop, with short-term targets between $57,500 and $61,300.

Other experts predict possible corrections down to $52,000 if the $60,000 support fails. The 200-day EMA at $59,890 is seen as the last defense line, crucial for avoiding deeper losses.

Investors are advised to stay cautious and conduct their own research before making trading decisions.