Bitcoin's recent 9% drop has been described by Bitfinex analysts as a “healthy realignment” that lowers the risk of a sudden crash. After reaching $66,600 on September 27, Bitcoin fell to around $60,000 due to geopolitical tensions and economic uncertainties in the U.S.
The $450 million in long position liquidations suggest that the market is still bullish. However, analysts warn that it's too early to make definitive predictions, and the market's direction may become clearer in the early trading sessions of the week.
#Bitcoin #Cryptocurrencies #MarketAnalysis #Investments What do you think? By gue22 🌐⚡🚀
