**Bitcoin's Recent Dip: A Buying Opportunity?**

Bitcoin has dropped 6% since Sept. 30, but Quinn Thompson, CIO at Lekker Capital, sees this as a prime buying opportunity. In an Oct. 3 post, Thompson called Bitcoin's current price of $61,000 a "no-brainer," pointing to a significant shift in the macro backdrop compared to past drops.

Thompson shared a chart showing Bitcoin's price action since March, highlighting three similar setups where BTC fell below its 200-day moving average. This time, however, Bitcoin bounced back sharply, indicating potential for an upward swing.

Geopolitical tensions and economic concerns have spooked markets, but some analysts believe the lack of optimism could lead to a short-term bounce. Historically, October and November are strong months for Bitcoin, with significant gains often occurring later in the month.

Stay tuned as traders watch for a possible sharp move upward.