Bitcoin's price fell further on Monday, dropping 2% in the past 24 hours to trade slightly above $82,423. Over the past week, Bitcoin has fallen 3% and is also trending down so far this month. Although historical data shows October is typically a strong month for Bitcoin, analysts note that signs of a bottom may have already appeared this month. Japanese asset management platform XWIN stated that Bitcoin's price could start to rise from current levels, pointing out that on October 12, the market expected the Federal Reserve to raise interest rates this month with a probability of about 18%, while Brent crude oil prices have fallen from nearly $110 to around $103. Analysts believe that high oil prices had temporarily dragged down Bitcoin's price as investors anticipated the Federal Reserve would raise interest rates to control inflation. However, after the Federal Reserve's rate hike last month, Bitcoin's price was unaffected and instead rose. Other analysts noted that Bitcoin has broken above its 365-day moving average, which is often a signal for the start of its bull market.