Bitcoin is starting the month of October on a bearish note after a strong September. AI algorithms predict that the price of Bitcoin will continue to decline and could drop to $57,286.92 by October 31, 2024. However, some experts believe that Bitcoin is still performing well and could reach new all-time highs in the next few weeks. The possibility of the US Federal Reserve cutting interest rates in November is seen as a potential bullish catalyst for Bitcoin. Currently, Bitcoin is trading at $61,070, with a decline of 3.93% in the last 24 hours. Despite the negative predictions, history and analysts remain optimistic but emphasize the importance of conducting one's own research before investing in digital assets.



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