👌👌New ATH Statement in Bitcoin: Analyst Gives Date for ATH! 👌👌

The FED's 50 basis point interest rate cut decision affected not only Bitcoin and cryptocurrencies, but also global markets.

Following this decision, Bitcoin's$BTC

biggest rival, gold, increased by more than 5% in the last two weeks and broke a new record by reaching $ 2,629 per ounce on September 23. With the gold price reaching its highest level, cryptocurrency analysts expect Bitcoin to make a new peak and share their predictions about when this new all-time high will come.

In this context, Markus Thielen, founder and CEO of 10x Research, suggested that Bitcoin will reach a new record level in the 4th quarter. Thielen stated that Bitcoin could follow in the footsteps of gold and experience a rise in the October-March period. Stating that the new ATH could come by the end of the year, Thielen shared the following in his note to investors:

“Bitcoin’s 2024 performance will follow seasonal patterns, just like in 2023. Therefore, investors should expect a major move in the 4th quarter of 2024, potentially reaching new highs.”

Bitcoin continues to trade at $63,594 at the time of writing, after rising to $64,700.

My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is anyone who still does not follow me, I would be happy if they did. Please like my articles and posts. Thank you.