In accordance with CryptoDaily, Bitcoin (BTC) faces downward pressure as weak US jobs data and concerns over an AI bubble contribute to bearish sentiment. October saw 153,000 layoffs, with AI-driven automation and government cost-cutting cited as key factors. Michael Burry, known for his 'Big Short' strategy, is shorting AI-related stocks, signaling potential risks. Technical analysis suggests BTC may retest a major trendline, with a breakdown potentially signaling a bear market.
Bitcoin Price Dips Amid Weak US Jobs Data and AI Bubble Fears
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