Despite expectations for a bullish October, Bitcoin plunged to 114,270 USD, its lowest point in 12 days. Historically, October has been advantageous for BTC with gains in 10 out of the last 12 years.
While some analysts predict volatility and a potential BTC rally, others caution that the current market uncertainty may lead to muted growth. The chance of a Federal Reserve rate cut reaching 92% could positively influence Bitcoin in the near future.
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