The cryptocurrency market faced widespread downward pressure as Bitcoin slipped under $83,000 and <a s underlying bullish structure remains intact, suggesting a period of consolidation before potential future gains.
The crypto market struggled to find rebound momentum on October 10, facing broad selling pressure. Bitcoin (BTC) retreated below the $83,000 mark, while Ethereum (ETH) fell under the critical $2,500 threshold, with other major tokens also trending lower during the session.
Although these two leading cryptocurrencies saw a notable rally during early U.S. trading hours yesterday, they have since pulled back. This reversal is primarily the result of significant macroeconomic headwinds combined with a simultaneous decline in stock market, dragging down both ETH and major altcoins. Nevertheless, this technical pullback has not compromised Bitcoin’s bullish structure, and the asset is expected to regain strength following a brief consolidation phase.
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