Bitcoin price rebounds above $60,000 despite fearful market sentiment, raising questions about future direction

From Investing.com
October 11, 2024 3:30:23 pm:

The price of Bitcoin has surged back above $60,000 after a recent dip to $58,946 during a market downturn worth at least $180 million.
Buyers stepped in quickly, leading to a rebound that saw Bitcoin trading as high as $61,200 within 12 hours.
Despite the recovery, market sentiment remains fearful, with the Fear and Greed Index dropping to 32 from 39 just yesterday.
Bitcoin’s ability to regain key price levels amid negative sentiment raises questions about the importance of price action versus market sentiment.
The focus now shifts to where Bitcoin heads next, with possibilities including a move toward $65,000, a drop below $60,000, or sideways movement leading to one of the first two options.

Read more at Investing.com: Bitcoin Price Makes Crucial Breakout, While Fear Enters Cryptocurrency Market By U.Today