Reasons for the $3K $BTC Drop
We must consider the possibility that $66.5K may have been the peak of this range, and Bitcoin could be heading downward (though I find this unlikely). Market makers appear to be creating the impression that October could be bearish. However, the most likely explanation is a natural pullback, which we havenât seen since September 18th, allowing the market to regain momentum for another upward move. In the past few days, Bitcoin has been struggling, likely due to exhaustion and lacking the strength to push higher. Pullbacks are healthy and essential for the market's growth.
