Bitcoin's 'Red October' Seen as Short-Term Pause Amidst Resilient Fundamentals

Bitcoin's 'Red October' Seen as Short-Term Pause Amidst Resilient Fundamentals

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Despite Bitcoin's rare October downturn ending its 'Uptober' streak, analysts view the correction as merely a short-term pause. Citing resilient prices and solid fundamentals, experts believe November will be a crucial period for the cryptocurrency's ongoing bull cycle, indicating that the recent dip does not spell long-term doom.

October’s rare downturn ended Bitcoin’s “Uptober” streak, but analysts see only a short-term pause. With resilient prices and solid fundamentals, November could mark the next test for Bitcoin’s bull cycle.