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The btc trend in Q4 of 2024 is it be bullish or bearish?

As of October 2024, the general consensus among analysts is that Bitcoin (BTC) is likely to have a bullish trend in Q4.

Several factors contribute to this optimistic outlook:

Historical Performance: Bitcoin has historically shown strong performance in Q4, with an average return of 23.3%.

Technical Analysis: Technical indicators suggest a positive trend, with Bitcoin potentially breaking through key resistance levels.

Derivatives Market: The derivatives market is showing renewed momentum, indicating growing investor interest.

Macroeconomic Factors: A potential soft landing of the global economy and Federal Reserve rate cuts could favor Bitcoin's price.

However, it's important to note that the cryptocurrency market is highly volatile, and predictions can change based on unforeseen events. Always conduct thorough research and consider your risk tolerance before making any investment decisions.

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