CandleFocus Bitcoin price dumps as Ceffu sells again and fear returns
2024-10-02
Author: Content Editor
The price of Bitcoin has fallen for four consecutive days, dropping to $60,200, the lowest level since September 18th. This decline is attributed to a risk-off sentiment among investors due to growing geopolitical tensions and the recent attacks in Israel. Additionally, the selling pressure from whales, such as the account named Ceffu, has contributed to the price retreat. Social media sentiment towards Bitcoin has also increased, which historically has led to price declines. On the positive side, October has historically been a strong month for Bitcoin, and technical indicators suggest a potential bounceback in the near future.
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