Bitcoin’s rebound today impacted the wider altcoin market resulting in notable liquidation of short traders. October is expected to be bullish for Bitcoin based on historical data performance. Ongoing Gold price rally bodes well with Bitcoin’s midterm bullish expectations. Bitcoin (BTC) price experienced a relief rebound on Monday after heavy liquidation of long traders last week. The flagship coin rebounded around 2% during the past 24 hours to trade at about $114,210 during the mid-North American session on September 29.