Bitcoin faces a healthy correction right after setting bullish September close.
BTC sees many bullish signals pointing to highly green Q4.
Silver-tongued analyst expects Bitcoin to bounce back very soon.
Bitcoin (BTC) takes a healthy dip in price following the bullish September close where BTC price closed 8% above the price of a bullish close for the month of September. This, in the eyes of many crypto analysts, is a mega bullish sign that could lead to a highly parabolic new ATH for Bitcoin.
Bitcoin (BTC) Sees Multiple Signs for Bullish Q4
With September closing in a bullish 8% pump, the expectations for a bullish Q4 are higher than ever before. Many analysts highlight that the current year for crypto is a Bitcoin Halving year. So far, every Bitcoin Halving year has seen the price of Bitcoin pump green in the three months of Q4.
https://twitter.com/KAIZ3NS/status/1840788137431482774
Presently, September has closed the highest it ever has and this paired with the fact that we are in a Bitcoin Halving year has further fueled the expectation for new parabolic highs for Bitcoin’s future. As we can see from the post above, one analyst highlights numerous reasons for traders and investors to be bullish.
Firstly, the analyst highlights that 80% of Octobers are green, 100% of US Presidential election years lead to green Q4s and 100% of the years where September closes green leads to green Q4. With all these factors in play, it certainly would be a challenge to not be bullish on Bitcoin.
Silver-Tongued Analyst Expects BTC Price to Bounce Soon
So far, many seasoned crypto analysts and financial experts have shared their bullish takes on the future price of Bitcoin (BTC). According to one analyst, BTC price can hit $550,000 by 2030 when the pioneer crypto asset’s market cap will likely hit 8 trillion. This prediction was made by a silver-tongued analyst who made many accurate predictions in the crypto market.
https://twitter.com/DrProfitCrypto/status/1840842215540580529
This same silver-tongued analyst now highlights the market’s present crypto market state saying a healthy correction is taking place. He expects BTC to bounce back soon at the $63,488 and expects BTC to shoot towards setting higher highs once again.
The post Bitcoin Sees Multiple Signals for Bullish Q4, Analysts Expects Bounce Back Soon as Healthy Correction Occurs appeared first on Crypto News Land.
