Bitcoin's (BTC) recovery from last week's dip to $60,000 has analysts optimistic, with the cryptocurrency currently trading at $61,972.5 (+0.09%). The US Federal Reserve's anticipated 25bps rate cut in November, fueled by better-than-expected US employment numbers (254,000 jobs added in September), is expected to boost market sentiment. With inflation trending down and the economy remaining stable, investors anticipate a "soft landing." Historically, Bitcoin has shown significant growth even after negative quarters, and experts predict a strong Q4 performance, potentially reaching six figures soon, driven by the rate cut and positive market sentiment.
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