Bitcoin price targets: Is this the final correction before Uptober?
In this article you will learn:
- Why the Bitcoin price has reversed despite the key interest rate cut
- Why strong US economic data could become a problem
- Which price targets on the top and bottom will be relevant in the coming weeks
The Bitcoin (BTC) price has been showing its bearish side over the past seven trading days. After a brief spike to $118,000 following the expected interest rate cut, the price has turned significantly south and is threatening to abandon the crucial $112,000 mark. The latest price analysis reveals which downside price targets could come into view and which chart levels must be overcome for a renewed BTC rally.
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