#BTC☀

Everyone, get in at more than 63,600!

Today, BTC fell from above $65,600 to a low of around $63,200. According to a report by 10x Research, this drop seems to be a typical bull market correction after overbought conditions.

Optimism about the fourth quarter is mainly due to expectations that the Federal Reserve will cut interest rates by another 50 basis points, as well as China's recently announced massive stimulus measures.

The market may learn about the Fed's action plan later today, as Fed Chairman Powell plans to speak on economic issues at the National Association for Business Economics Annual Meeting in Tennessee (tomorrow at 1 a.m.)