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Bitcoin analyst sees $66K 'local bottom' as BTC price liquidates $200M Cointelegraph 03 Nov 2024

Bitcoin analyst sees $66K 'local bottom' as BTC price liquidates $200M 💰

US Bitcoin

A Bitcoin analyst anticipates a $66,000 local bottom for BTC as its price exhibits volatility during the US election week. This fluctuation in price has resulted in the liquidation of $200 million.

The price action entails support retests below $70,000, adding to the market's unpredictability.

The analyst suggests that the current market conditions present opportunities despite the challenges.

Source: cointelegraph.com ↗

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