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IT’S HAPPENING AGAIN: Cryptocurrency Prices Predictably Plummet as Bears and Bulls Engage in Mind-Numbing Cycle of Doom

BitcoinCrypto News Kevin Nelson October 4, 2024

A bearish cryptocurrency market is depicted with falling prices, plummeting charts, and bears in the background. In contrast, bulls are shown struggling to push through resistance levels.

After all these years, I’m still waiting for someone to tell me what’s the point of writing about cryptocurrency prices every day. It seems like Groundhog Day up in here! The bears are trying to sink Bitcoin below $55k because Middle East tensions (yawn), and institutional investors are selling their spot ETFs (no surprise there). Meanwhile, some bulls think that history will repeat itself and BTC will bounce back above the 50-day SMA. Because we all know how well past performance predicts future outcomes in this market… The rest of the altcoins are stuck in a rut as usual, with SOL trying to break out from its range-bound action (good luck with that) and XRP failing to sustain higher levels after rising above $0.64 (typical). And don’t even get me started on DOGE’s ‘breakout’ below $0.12… it’s like watching a train wreck in slow motion.

Source: cointelegraph

Price analysis 10/2: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
https://cointelegraph.com/news/price-analysis-10-2-btc-eth-bnb-sol-xrp-doge-ton-ada-avax-shib
Rising Middle East tensions resulted in a sell-off in Bitcoin (BTC), which dropped near the psychological support of $60,000 on Oct. 1. A minor positive for the bulls is they have managed to push the price back above $62,000 on Oct. 2. The real test of the bulls will be to sustain the higher levels and build upon it. The sentiment has turned cautious, and the institutional investors seem to […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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