---
title: "Bitcoin Price Dips Below $67K, Pausing Hopes for ATH Rally"
url: https://diffcoin.com/bitcoin-price-dips-below-67k-pausing-hopes-for-ath-rally/
description: "Bitcoin pulls back below $67,000, sparking fears of a further correction."
published: 2024-10-21
updated: 2024-10-21
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Price Dips Below $67K, Pausing Hopes for ATH Rally

Bitcoin’s price took a turn for the worse in late Monday evening in Europe. The sellers have reappeared and established control, pushing the cryptocurrency below $67,000, losing about 2.5% in the past 24 hours.

The move has pushed the total liquidations in the derivatives market to about $200 million. In the past four hours alone, almost $70 million worth of leveraged positions—the majority of them long — were wiped off the market.

Source: Coinglass

This latest move caused a lot of uncertainty in the market, with many wondering whether the rally to a new all-time high is put on pause.

Some popular traders such as X user Emperor even suggested that a further decline to $62,000 might be in the cards.

> Bitcoin Price Update
> 
> 1. Backtest of $66,000 level held and we moved higher. Want to see price hold above Previous Month High for continuation higher. My target of $69,000 has now been hit and I’m looking to relong dips.
> 
> 2. I told you most will be scared to buy the dip at… [pic.twitter.com/1NwHonte72](https://t.co/1NwHonte72)
> 
> — Emperor (@EmperorBTC) [October 21, 2024](https://twitter.com/EmperorBTC/status/1848373380569030663?ref_src=twsrc%5Etfw)

The majority of the market is currently in a state of correction, as it’s clearly visible in the heatmap below. It’s worth noting that the declines remain relatively marginal at the time of this writing.

Source: CoinMarketCap

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[Source link](https://cryptopotato.com/bitcoin-price-dips-below-67k-pausing-hopes-for-ath-rally/)