COINOTAG news reports that Bitcoin saw a drop from above $65,000 to around $62,200 on September 30. The decline is attributed to overbought market conditions.
The latest analysis from 10x Research suggests that this drop is part of a typical bull market correction. Despite the correction, many experts maintain an optimistic outlook for Bitcoin's prospects in the fourth quarter.
Overall, the sentiment remains positive as analysts believe that the correction could pave the way for more sustainable growth moving into Q4.
