BITCOIN MARKET POISED FOR STRONG RECOVERY

The Bitcoin market is looking poised for a strong recovery, with several indicators suggesting a bullish trend. Historically, the fourth quarter has been a strong period for Bitcoin, with an average return of 23.3% ¹. This, combined with the recent breaking of significant resistance levels, could potentially set the stage for parabolic growth .

Key Factors Contributing to the Recovery:

Institutional Accumulation: U.S. Bitcoin ETFs purchased 17,941 Bitcoins in September, exceeding the number of new Bitcoins mined during the same period, indicating significant institutional demand .

Mining Profitability Recovery: Mining profitability has rebounded, with hash price reaching a two-month high, signaling a strengthening of Bitcoin's underlying fundamentals .

Derivatives Market Momentum: The derivatives market shows renewed momentum, with rising open interest and reduced leverage across major exchanges .

Additionally, experts predict that macroeconomic factors, such as potential Federal Reserve rate cuts and liquidity injections from the People's Bank of China, could act as catalysts for Bitcoin's continued growth .