Why Crypto Is Down Today (Live Updates) Oct 8 Qadir AK | usagoldmines.com

Bitcoin could be on the verge of a major rally, mirroring gold’s recent breakout. While gold surpassed its measured move target, BTC is showing a similar formation, hinting at a potential surge toward $268,000—a nearly 120% gain from current levels. Analysts see this pattern as a bullish signal, suggesting strong upside potential if Bitcoin follows gold’s trajectory, keeping investors excited about the next major leg in the crypto market.

After Bitcoin’s $126K all-time high, the crypto market is seeing a short-term cooldown. BTC is trading around $121.5K, down 2.5%, while Ethereum slipped 4% to $4,490. In contrast, BNB surged 4.5% to $1,280, showing selective bullish momentum. The total market cap stands at $4.25 trillion with $195 billion in trading volume. Meanwhile, BTC-focused ETFs recorded $1.2 billion in inflows, signaling continued institutional interest despite the minor market pullback.

Bitcoin faces a minor retreat after hitting new highs, but bullish momentum remains strong. Market analysts highlight significant inflows into crypto investment funds, showing sustained confidence from retail and institutional investors alike. Despite the short-term correction, the path toward $150K stays intact as buying pressure continues. Traders are watching key support levels closely, signaling that the crypto market’s optimism remains firmly in place.

Rich Dad Poor Dad author Robert Kiyosaki has once again sounded the alarm on the U.S. dollar, calling it a losing bet for savers. In a recent post, he declared, “Savers of US dollars are losers,” while revealing he’s adding more gold, silver, Bitcoin, and Ethereum to his portfolio. Kiyosaki’s latest warning reinforces his long-standing view that hard assets and crypto offer stronger protection against inflation and economic instability.

Bitcoin is struggling to break past the $123K–$124K resistance zone, signaling a critical juncture for traders. Analysts note strong support levels at $118K, $115K, and a major one near $110K. A successful breakout above $124K could ignite a rally toward $128K and beyond. Despite the pause, BTC’s trend remains bullish as long as it holds above its key trendline, keeping market sentiment optimistic.