#BitcoinUpdate 🚀

- BTC is trading 7% below its local high of $66,508 (September 27). Some analysts are optimistic that this is just a correction for BTC to prepare for a strong rally in late 2024.

- Jamie Coutts (Real Vision) commented: "MVRV Z-score shows that BTC is undervalued across multiple timeframes."

- BTC's open interest (OI) is high, but funding rates remain stable. Coutts believes that global liquidity is increasing, creating conditions for a major rally.

- Lyn Alden report: BTC price has a strong correlation with global liquidity, with a coefficient of 0.94 from 2013-2024.

- Greenest September on record with BTC up 7.29%. Predictions for Q4/2024 to be volatile due to US election year and BTC halving.

- Timothy Peterson: BTC may be weaker in an election year, but could rally in November and December as election results become clear.

- Archie (BTC Archive): BTC could hit six figures by the end of 2024.

👉 Where do you think BTC will go in Q4/2024? Comment now! 💬

#Crypto#Blockchain#Finance#Tech #MarketTrends