Bull Alarm for the Cryptocurrency Market: Experts Give a Clear Date!

The cryptocurrency market is still struggling to recover under the influence of a bear market. While Bitcoin fell to the $56,000 level, many altcoins also fell lower, reacting to BTC's low price tempo. However, this was not enough to break the hopes of many investors. Analytical platform Empire Crypto Trading claims that a rally in the fourth quarter (Q4) of 2024 is quite possible.

Predictions of Empire Crypto Trading

Empire Crypto Trading stated that there are several important reasons why there may be a rise in the crypto market in Q4. Here are some of the most popular reasons:

New Monetary System of BRICS Countries

The platform states that BRICS countries are busy building their own monetary systems. When this new currency is launched, it will weaken the demand for the US dollar, which will help Bitcoin reach new highs. This is because Bitcoin has a direct correlation with the US dollar.

Election Years and Q4 Surges

Empire Crypto Trading suggested that another reason for the cryptocurrency rises in Q4 was election years. The platform stated that election campaigns have always delivered a strong Q4 performance in the last 73 elections. He stated that BTC is closely related to the stock market and that it increases America's hopes of becoming a crypto-focused country, especially with the possibility of Trump winning the elections. "Election year: Over the last 73 election years, we have seen a Q4 pump in the stock market. Stock markets are also used as a political tool. When money goes into stocks, it signals growth. This makes the candidate look better because it gives the impression that the company is growing. BTC, SP500 and Nasdaq It a correlat$BTC

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negative market structure."