Bitcoin's recent 5% price drop in October is a rare occurrence, according to economist Timothy Peterson, who notes it has happened only four times in the past decade. Historically, Bitcoin has rebounded within a week after such declines, with recovery rates ranging from 4% to 21%. The latest drop, influenced by Trump's tariff announcement, saw Bitcoin fall to $102,000 before recovering to $112,100. Analysts predict a potential 21% rebound could push Bitcoin near its recent high of $124,000, though some caution that ongoing policy shocks and trade tensions might extend the downturn.