As of October 8, 2024, $BTC is experiencing mixed signals in the market. Currently, its price is holding above the $61978 mark, despite recent volatility, and is anticipated to fluctuate between $60789 and $63235 in the near term. The market saw significant liquidations in early October, with over $700 million wiped out due to over-leveraged positions, reflecting caution among traders reacting to macroeconomic factors and geopolitical tensions, especially from the Middle East crisis.
Overall, while short-term volatility may persist, many analysts are optimistic about a potential breakout by the end of the month. However, itâs important for traders to remain cautious given the unpredictable nature of both macro events and the crypto market.
Note: This isn't a financial advice
