Bitcoin unexpectedly dipped to US$62,989, causing a market downturn and US$226.55 million in liquidations.US Fed Chair Jerome Powell hinted at further rate cuts this year, following a significant September cut.Analyst RektCapital notes we’re 163 days post-Halving, a timeline that historically precedes a Bitcoin breakout.Historical patterns suggest potential for a bullish trend, though it’s speculative whether a major rally will follow.