š WILL BITCOIN HIT A NEW ATH IN Q4?
LOOK TO THE PAST HALVING CYCLES FOR CLUES!
After every halving, Bitcoin enters a consolidation phase lasting about 6 months. Letās break it down:
š 2016: 161 days of consolidation before a breakout.
š 2020: 175 days of consolidation before a breakout.
š 2024: Bitcoin has now been consolidating for 161 days.
This strongly suggests a breakout could be just 2-3 weeks away. Hereās why:
š¹ China is injecting $280B to boost its economy.
š¹ The Fed has begun cutting rates.
š¹ The BOJ has halted rate hikes.
š¹ Trump is back in the spotlight.
š¹ Bitcoin ETFs are accumulating again.
š¹ Bitcoin flow to exchanges is at very low levels, signaling less selling pressure.
š¹ FTX distribution is expected this quarter.
š¹ Russia plans to use crypto for cross-border payments by November.
š¹ Global M2 money supply just hit a record $107 trillion.
š” In my opinion, the market hasn't fully priced in all these bullish indicators yet. Once it does, Bitcoin is primed to hit a new ATH, paving the way for a large-cap rally!
