As the fourth quarter of 2024 approaches, some analysts predict that Bitcoin and the broader cryptocurrency market will continue to rise, driven mainly by institutional adoption and macroeconomic factors. Gabriel Selby, chief research analyst at CF Benchmarks, said in the report that digital assets are expected to continue to grow in the fourth quarter against the backdrop of macro changes and institutional adoption, as sovereign balance sheets face pressure and investors will seek long-term hedging tools like Bitcoin. Selby said that after the presidential election on November 5, the US regulatory landscape may change significantly, creating a good environment for cryptocurrency innovation. We see conditions that enhance investor confidence and promote capital formation. Ryan Lee, chief analyst of Bitget Research, is equally bullish on Bitcoin's performance in the last quarter. He said that Bitcoin is expected to perform better in October than in September, with a target price range of $58,000 to $72,000. Lee pointed out that there are multiple eye-catching signs in the derivatives market, including multiple negative financing rates in Bitcoin futures in September, and the Fear and Greed Index is still hovering in the extreme fear zone. Historically, these factors have often heralded the arrival of major rebounds.