Here are some possible reasons for Bitcoin's recent drop:
- It's possible that $66.5k was the top of the current range, and we may be heading down (though this seems unlikely to me).
- Market makers might be manipulating sentiment, making people believe that October could be bearish.
- Most likely, it's just a normal pullback, which we haven't seen since September 18th. Bitcoin has struggled to push higher in recent days, likely because it's run out of steam.
Pullbacks are healthy as they allow the market to regain momentum for another push upward.
