Though momentum has been somewhat choppy in the most recent trading, the prevailing sentiment in the cryptocurrency market this ‘Uptober’ – a popular nickname for October – is optimism.
After months of slightly downward trading, Bitcoin (BTC) broke with the trend and began its surge, finding a new footing near $68,000. This led many traders, experts, and observers to speculate how high BTC could go during the rally, with some speculating a rise to $86,000 by Halloween and $100,000 soon after.
Amidst the optimism, popular cryptocurrency analyst Duo Nine warned on X that ‘Bitcoin is in danger,’ with some of the long-term risks being the same as the current, short-term benefits.
Bitcoin is in trouble.
If nothing changes soon, things won’t be pretty.
I’m not talking about the halving schedule or block rewards, it’s much more serious than that.
A thread 1/17 🧵 pic.twitter.com/i1o9TZAlqX
— Duo Nine ⚡ YCC (@DU09BTC) October 27, 2024
Bitcoin is under a
We współpracy z: https://finbold.com/bitcoin-is-under-vampire-attacks-warns-crypto-analyst/
