WILL #BITCOIN HIT $100K IN Q4?
THE ANSWER IS IN THE PAST HALVING CYCLES
AFTER EACH HALVING, BTC GOES THROUGH A CONSOLATION PHASE OF AROUND 6 MONTHS
2016: 161 DAYS OF CONSOLIDATION BEFORE BREAKOUT
2020: 175 DAYS OF CONSOLIDATION BEFORE BREAKOUT
IN 2024, BTC HAS BEEN IN THE CONSOLIDATION PHASE FOR 161 DAYS.
THIS MEANS THERE'S A VERY PROBABILITY OF BREAKOUT IN THE COMING 2-3 WEEKS.
HERE'S WHY THIS COULD HAPPEN
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➬ CHINA IS PRINTING $280B TO BOOST ITS ECONOMY
➬ FED HAS STARTED DOING RATE CUTS
➬ BOJ HAS TURNED DOVISH AND STOPPED DOING RATE HIKES
➬ TRUMP IS LEADING AGAIN
➬ BITCOIN ETFs HAVE STARTED TO ACCUMULATE AGAIN
➬ BITCOIN FLOW TO EXCHANGE HAS REACHED A VERY LOW LEVEL, WHICH INDICATES LESS SELLING
➬ FTX DISTRIBUTION IS EXPECTED TO HAPPEN THIS QUARTER
➬ RUSSIA IS PLANNING TO DO CROSS BORDER PAYMENTS USING CRYPTO BY NOVEMBER
➬ GLOBAL M2 MONEY SUPPLY HAS HIT $107 TRILLION, A NEW ATH
IMO, THE CRYPTO MARKET HAS STILL NOT FACTORED IN ALL THESE BULLISH FACTORS
ONCE IT DOES, BTC WILL HIT A NEW ATH, FOLLOWED BY LARGE CAPS