Bitcoin Price Slumps Below $120,000, But Market Enters ‘Euphoria Phase’ and Analysts Eye $180K Peak

Bitcoin Magazine Bitcoin Price Slumps Below $120,000, But Market Enters ‘Euphoria Phase’ and Analysts Eye $180K Peak

Bitcoin price was holding steady near the $120,000 mark today but recently slumped below that mark to $119,768. All this movement is after a volatile and bullish start to October.

Some analysts point to signs that the market has entered what many describe as the “euphoria phase” of the current bull cycle.

Bitcoin price surged more than 30% since the start of the year, buoyed by sustained inflows into U.S.-listed Bitcoin exchange-traded funds, renewed investor confidence in digital assets, and expectations that the Federal Reserve will move toward cutting interest rates.

Bitcoin price briefly touched above $126,000 earlier this week — its highest ever — before easing slig