$BTC Bitcoin is experiencing strong upward momentum, currently trading near $89,500, with some analysts predicting a continued bullish trend through Q4. Recent trading volumes, including Bitcoin ETFs, have surged, reflecting renewed institutional interest. The heightened interest from large investors is driven partly by a recent increase in Bitcoin ETF transactions, which reached a notable $38 billion. Additionally, Bitcoin miners are seeing a profitability rebound, with hash prices rising—a sign of healthy mining activity and network strength.
Analysts suggest that Bitcoin's strong historical Q4 performance, combined with macroeconomic factors like potential interest rate cuts, could support continued growth. Some speculate that if this trajectory continues, Bitcoin may approach the $100,000 mark, especially with limited major resistance ahead.
