Will Bitcoin Hit 100,000 $ in Q4?

The answer lies in past halving cycles.

After each halving, BTC goes through a consolidation phase of about 6 months.

2016: 161 days of consolidation before a breakout

2020: 175 days of consolidation before a breakout

2024: BTC has been in a consolidation phase for 161 days.

This means that there is a high probability of a breakout in the next 2-3 weeks.

Here’s why it could happen:

➬ China prints $280 billion to stimulate its economy

➬ The Fed has started cutting rates

➬ The Bank of Japan (BOJ) has adopted an accommodative policy and stopped raising rates

➬ Trump is leading in polls again

➬ Bitcoin ETFs have started accumulating again

➬ Bitcoin flow to exchanges has reached a very low level, indicating less selling

➬ FTX asset distribution expected this quarter

➬ Russia plans to use crypto for cross-border payments by November

➬ Global money supply (M2) has reached $107 trillion, a new all-time high

In my opinion, the crypto market has not yet factored in all these bullish factors.

Once it does, BTC will reach a new all-time high, followed by large caps.