Cryptocurrency Markets Trade Lower Amid Escalating Tensions in the Middle East

Notable Statistics: Notable Developments: Top Losers: Trader Notes: With Bitcoin prices retreating lower to $61,000, crypto trader Cold Blooded Shiller stated

Cryptocurrency markets are trading lower amid escalating tensions in the Middle East.

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Trader Note: As Bitcoin Price Falls to $61,000, Crypto Trader Cold Blooded Shiller Gives Long Exposure to Highest Profit and Risk for Six-Digit Bitcoin if it Falls to the Green Box I said that you can get it.

Remember that in the center of the red candlestick, a drop to the green box will give you the best return and long exposure of risk to 6-digit dollar BTC. https://t.co/AcMwgbZrFp pic.twitter.com/IKf4GwQGB1

Crypto chart analyst Ali Martinez elaborated that Bitcoin has recorded higher lows and higher highs. He suggests that the trend may have shifted from bearish to bullish.

Cryptocurrency trader Jelle compared current Bitcoin price trends to past historical trends. He predicts a new phase will start in October, with a "spike in the second or third week of this month."

During past bullish years, #Bitcoin has spent the summer conserving energy and preparing for the next phase. All of those new phases started in October and spiked in the second or third week of this month. I don't think this year will be any different. This is the final shake-off before reaching new highs. pic.twitter.com/CXEHhebEMU

Another crypto trader, IncomeSharks, believes that if Bitcoin can be retested, it will “continue to rise.”

What's next: Bitcoin's impact on the institutional grade asset class will be explored in detail at Benzinga's upcoming Future of Digital Assets event on November 19th.

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