Big Crypto Week Ahead: What to Watch for in 'Uptober'

This week's crypto market is expected to be significant, with the Federal Reserve's dovish pivot and potential interest rate cuts supporting Bitcoin's price. The cryptocurrency has reclaimed the $111,000 level and is up 6% over the past week. The Fed's press conference on Wednesday will be closely watched, and the chance of a 25bps interest rate cut this week is 96.7%. The "Uptober" narrative, which has seen Bitcoin's price rise for seven consecutive years in October, is also expected to continue. However, not everyone is bullish on Bitcoin's near-term outlook, with some predicting a correction to $84,000-$100,000 before the next bull run.