Bitcoin has fallen below the crucial $60,000 price level. Meanwhile, a crypto analyst highlights that altcoins with strong fundamentals aren't seeing price spikes due to "regulatory hurdles."
Bitcoin has retraced below the $60,000 price level for the first time since Sept. 18 and market participants are speculating whether there will be further downside.
“First BTC target at $59K reached, $57K next? Whether we get a bounce before that is unclear,” crypto trader Justin Bennett stated in an Oct. 10 X post.
Bitcoin is trading at $59,152, down 2.34% over the past 24 hours. Source: TradingView
