According to BlockBeats, on October 7, QCP released a daily commentary analysis saying that after a turbulent start, Bitcoin's upward trend in October is back on track. The current price is the same as last Monday.

The "Uptober" narrative and strong non-farm payrolls data provide strong support for Bitcoin near $60,000. The upcoming HBO Bitcoin documentary has also brought more mainstream attention to cryptocurrencies, especially the MEME token associated with Len Sassaman.

Despite a poor start last week, option flows point to a bullish fourth quarter. With the interest rate cut plan and Bitcoin's strong correlation with stocks, the market remains optimistic about October's performance.