Odaily Planet Daily News CryptoQuant analysts said that Bitcoin is entering a positive seasonal phase, but increased demand is the key to BTC prices reaching $100,000 in the fourth quarter. CryptoQuant analysts added: "By 2024, Bitcoin's performance will be similar to that of 2016 and 2020 until September." CryptoQuant analysts said that institutional demand brought by US Bitcoin exchange-traded funds (ETFs) is the key to further growth in Bitcoin prices. "If ETF demand continues to accelerate, it may drive prices higher in the last quarter of 2024. On-chain data valuation indicators suggest that Bitcoin may target a price range of $85,000-100,000 in the fourth quarter against the backdrop of a recovery in demand and seasonal benefits." (Cointelegraph)

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