#BitcoinUpdate đ
- 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.
đ Where do you think BTC will go in Q4/2024? Comment now! đŹ
#Crypto#Blockchain#Finance#Tech #MarketTrends
