BTC is down 3% in the past 24 hours, with ETH, AVAX, LINK and UNI leading altcoin losses. Bitcoin's weekly Bollinger Bands compressed to similar levels seen not just last October, but in other episodes prior to big rallies, crypto trader CryptoCon noted. Bitcoin {{BTC}} tumbled below $62,000 during U.S. morning trading Tuesday as the crypto market halted its bounce from early August lows.