Following Fed Chair Jerome Powell’s indication of rate cuts in September, the Bitcoin price made strong advancements to $64,000, thereby breaking past its supply zone of $59,000-$62,000. Analysts are expecting a further rally to $70,000 and consequently a new all-time high ahead, however, Bitcoin could see a few weeks of consolidation before this happens. Bitcoin The post Here’s Why Bitcoin Price May Breakout In October 2024 appeared first on CoinGape .