**Bitcoin Dips Below $60K Amid Market Uncertainty**

Bitcoin (BTC) briefly fell below $60,000 on Oct. 3, sparking a flurry of buying activity. Data from Cointelegraph Markets Pro and TradingView showed BTC hitting a low of $59,860 on Bitstamp. The dip comes amid geopolitical tensions in the Middle East, adding pressure to the crypto market.

Traders are divided on BTC's next move. Analyst Toni Ghinea predicts a drop to $56,000, while CrypNuevo sees potential for a rebound after hitting stop-losses around $59,000.

On-chain data from CryptoQuant indicates significant Bitcoin outflows from exchanges, suggesting strong buyer interest. Meanwhile, U.S. jobless claims data showed a stable labor market, which could support risk assets like crypto. QCP Capital remains optimistic, expecting Bitcoin to recover and continue its "Uptober" rally.