<ul><li>Bitcoin's recent price decline is attributed to overleveraged positions and low momentum.</li><li>BTC dropped to $67.8K from the peak of $68.5K, still higher than September's low of $53K.</li><li>On-chain analyst highlights weakening demand and the need for increased demand for the price to continue rising.</li><li>Analysts are discussing the possibility of a memecoin supercycle driven by community sentiment and the lure of quick wealth.</li></ul>

Analysts Think Uptober Top in for Bitcoin, Memecoin Supercycle Next?

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