will BTC hot 100k in Q4?
US PCE inflation drops to 2.2%, lower than the expected 2.3%, down from 2.5% the previous month.
The Federal Reserve cut interest rates by 50 bps, sparking upward momentum in Bitcoin and crypto markets.
Matrixport and QCP Capital predict a Bitcoin price rally in Q4, with potential to hit $100K.
US dollar index (DXY) turns volatile, while US Treasury yield drops to 3.77%.
MicroStrategy increase BTC holdings
BTC 56% increase in trading volume in the last 24 hours.
China's late stimulus push launch to help revive þhe conomy
Historically, Bitcoin gains an average of 40% from October to March, and experts expect a similar trend.
Data shows liquidity support for btc until 68k, with a breakout increasing chances of reaching new ATH, if not, technically a minor correction to 60k 62k levels ould expected before rally begins #Dyor2024 #MarketDownturn
