Bitcoin has been sideways since March, with September generally known as a bearish period. However, analysts are expecting a major rally in the fourth quarter. 📈

Analyst ‘RamenPanda’ noted that the market has been sideways for six months, with the price near its previous peak. Bitcoin has regained the $60,000 level and is only 18% below its all-time high.

Economist Alex Krüger observed that crypto traders’ sentiment has not been this low since 2022. Capriole Fund founder Charles Edwards noted that the third quarter is usually bearish, while the fourth quarter is usually bullish.

The US Federal Reserve is expected to cut interest rates. Analysts suggest that a major rate cut would be better for high-risk assets like crypto. Lark Davis recalled that Bitcoin experienced a parabolic rally during the Fed’s last rate cut. 💥