🚀 WILL BITCOIN HIT A NEW ATH IN Q4?
LOOK TO THE PAST HALVING CYCLES FOR CLUES!
After every halving, Bitcoin enters a consolidation phase lasting about 6 months. Let’s break it down:
📅 2016: 161 days of consolidation before a breakout.
📅 2020: 175 days of consolidation before a breakout.
📅 2024: Bitcoin has now been consolidating for 161 days.
This strongly suggests a breakout could be just 2-3 weeks away. Here’s why:
🔹 China is injecting $280B to boost its economy.
🔹 The Fed has begun cutting rates.
🔹 The BOJ has halted rate hikes.
🔹 Trump is back in the spotlight.
🔹 Bitcoin ETFs are accumulating again.
🔹 Bitcoin flow to exchanges is at very low levels, signaling less selling pressure.
🔹 FTX distribution is expected this quarter.
🔹 Russia plans to use crypto for cross-border payments by November.
🔹 Global M2 money supply just hit a record $107 trillion.
💡 In my opinion, the market hasn't fully priced in all these bullish indicators yet. Once it does, Bitcoin is primed to hit a new ATH, paving the way for a large-cap rally!
