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The cryptocurrency market has entered a decisive phase in the last 24 hours. Bitcoin (BTC) is trading near $109,345 after falling over 12% from its recent all-time high above $124,500, leaving traders divided on whether the next big move is down toward $60,000 or up to $140,000.
While some analysts warn of a bearish fractal similar to 2021 that could trigger a steep drop, others remain optimistic, pointing to strong support around $104K and predicting a rally that could push BTC to new highs by year-end.
Market Overview (Past 24 Hours)
The broader crypto market shows mixed signals. Ethereum and Solana are trying to hold gains, XRP remains steady, while BNB is showing resilience. Altcoins are moving cautiously as Bitcoin dictates overall market sentiment.
- Analysts warn Bitcoin’s chart mirrors 2021, which preceded a 50% crash.
- Bearish case: A breakdown toward the $60K–$62K support zone if the wedge formation plays out.
- Bullish case: If BTC holds the $104K EMA cluster, it could retest $113K and aim for $140K in the coming months.
- Ethereum struggles to maintain $4,300 support amid BTC-led pressure.
- Solana shines with strong gains, signaling rising institutional interest.
Top 5 Cryptocurrencies Today
| Coin | Price (USD) | 24h Change |
| Bitcoin (BTC) | $109,345 | -2.1% |
| Ethereum (ETH) | $4,320 | -1.4% |
| Solana (SOL) | $219 | +3.5% |
| XRP (XRP) | $2.97 | +0.9% |
| BNB (BNB) | $892 | +2.0% |
The crypto market is at a critical crossroad. Whether Bitcoin plunges to $60K or rallies to $140K will likely set the tone for the entire market heading into October. Traders remain on high alert as volatility surges.
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