October saw Bitcoin (BTC) reflect a trend with an 11% price increase, starting around $64,000 and breaching $73,000 during the month, despite a dip on Halloween. Historical data reveals mixed results for November, with four of the last six years ending negatively; however, it has the highest average monthly return for BTC, influenced by significant increases in previous years. According to experts, the current macroeconomic environment of monetary easing is favorable for Bitcoin. OTC Capital's CEO suggested that recent price advancements might lead to a significant breakout after a prolonged consolidation period. Meanwhile, caution is warranted due to potential recession fears, with key resistance around $80,000 potentially triggering sell-offs. October also witnessed strong demand for Bitcoin ETFs, with net inflows hitting $5.4 billion, marking a significant uptick from previous months, indicating robust interest in cryptocurrency investments.

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