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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.

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