Bitcoin has surged to $68,000, fueled by the U.S. Fed’s interest rate cuts, and bulls are eyeing $73,800 by the end of October. However, some are sounding alarms. Shubh Varma, CEO of Hyblock Capital, warns of a possible dip before reaching the all-time high of $73,680. Citing Binance data, he points out that fewer than 40% of retail investors are in long positions, and a sudden rise in these could signal a bearish turn. Could this be a sign to proceed with caution, or will Bitcoin continue its upward momentum? Stay tuned!
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