Bitcoin Price Battles Uncertainty Amidst Market Optimism

Bitcoin’s price remains volatile, fluctuating around $122,000 after hitting a high of $126,200 earlier this week. Institutional investors are playing a key role in driving the recent surge to potentially reach $140,000, as supply on exchanges decreases. Experts predict a favorable October for digital currencies due to increased ETF investments and a reduced number of coins available for trading. 170,000 Bitcoin were withdrawn from centralized exchanges last month, dropping reserves to a six-year low of 2.83 million BTC. This has buffered against price drops.