Today, Bitcoin is hovering around $62,500, down slightly from last week. After trying to break above $64,400, Bitcoin failed to maintain its upward momentum and is currently correcting to the support zone. Tensions in the Middle East and concerns about interest rates from the US Federal Reserve (Fed) are also negatively affecting the demand for BTC. However, the inflow of money from US ETFs has helped to reduce the selling pressure somewhat.

In addition, analysts are still optimistic about the possibility of Bitcoin rising in October, based on the Puell Multiple indicator, which shows positive signals for a new growth wave. Some experts predict that if BTC breaks above the important resistance level, it could set a new all-time high in the near future.