BTC price eyes record monthly close: 5 things to know in Bitcoin this week

Bitcoin begins the last week of October with a rebound, closing the week at $114,500 as bulls regain momentum. Despite this, many traders remain cautious, citing low volume and potential bearish signals. Analysts highlight Wednesday's Federal Reserve meeting, with a strong expectation for a 0.25% rate cut, which could positively impact Bitcoin prices. Research suggests that rate cuts often lead to price increases for Bitcoin, with AI models predicting a potential rise to $125,000 by the end of October. Short-term holders are back in profit, showing an increased willingness to hold Bitcoin. The current sentiment is mixed as Bitcoin is around 1% above its October opening, avoiding a poor monthly performance. With significant corporate earnings reports on the horizon, the market anticipates possible volatility ahead.

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