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Bitcoin (BTC-USD) Faces October Drop as Investors Brace for Volatile November
Bitcoin closed October below its seasonal trend for the first time in seven years, ending what investors once called "Uptober" with a decline of about 3.9%, hovering around $109,850. The world's largest cryptocurrency failed to maintain its bullish momentum despite optimism earlier in the month, under pressure from US-China trade tensions, regulatory scrutiny, and dwindling liquidity for digital assets. Historically, Bitcoin has averaged a 46% gain in November, but sentiment this time around is more divided, with those betting on a sharp rebound and those anticipating a deeper correction before the end of the year.$BTC #AreYouBullishOrBearishToday? #OctoberMarketPrediction #SpotETFApprovalUpdates #CryptoMarketWatch #OctoberRateCutForecast