Bitcoin's ability to maintain its 'Uptober' bullish trend is under scrutiny as it struggles to surpass the $116,000 mark. According to a report by QCP, the cryptocurrency market has experienced temporary relief due to progress in U.S.-China trade talks. However, three significant events this week, including the Trump-Xi meeting and the Federal Reserve's interest rate decision, could heavily influence market dynamics. The ongoing U.S. government shutdown, now in its 26th day, has resulted in a dearth of market data, shifting investor focus to tech earnings. Bitcoin's performance in October has been lackluster, and failure to break the $116K level could end a seven-year bullish trend. With multiple macroeconomic factors at play, the crypto market is expected to remain range-bound in the near term.