Is This a Good Time to Buy Bitcoin (BTC) Dip? Watch FTM, SOL, DOGE, and These Altcoins for Strong Recoveries

2024-10-3 12:45

VirtualBacon shared insights regarding the current situation of Bitcoin (BTC), noting that while the cryptocurrency is experiencing a sharp correction, there is no reason to panic. The key point raised is that Bitcoin remains above the critical Bull Market Support Band, which lies between $61K and $62.

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Bitcoin (BTC) на Currencies.ru

$ 97747.27 (+0.12%)
Объем 24H $92.09b
Изменеия 24h: 4.69 %, 7d: 7.19 %
Cегодня L: $94006.77 - H: $97747.27
Капитализация $1933.967b Rank 1
Цена в час новости $ 60728.54 (60.96%)

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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

2024-10-6 07:00