**Bitcoin Faces Volatility, Eyes Strong October**

Bitcoin (BTC) dipped below $64,000 on September 30, succumbing to selling pressure. Despite this, BTC is set to record its best September gains since 2016, with a rise of over 6%, according to CoinGlass data.

Historically, October has been a strong month for Bitcoin, with average gains of 22.90%. Traders are optimistic, hoping for a repeat performance that could push BTC to new highs.

CK Zheng from ZX Squared Capital notes that ongoing US debt issues, highlighted during the presidential election, could further boost Bitcoin. In 2020, Bitcoin surged 168% in Q4, coinciding with the election.

Stay tuned as we monitor if Bitcoin and altcoins will rally sharply in October.