đ„đ„đ„ Experts Eye #Q4 as Turning Point for #Bitcoinâs New ATH
Bitcoin Poised for a Bullish Q4 Despite Market Uncertainty
- Bitcoin (BTC) is gearing up for a potentially significant bull run in Q4 2024, driven by historical patterns and expert predictions. Despite recent price fluctuations, analysts remain optimistic about a strong year-end performance, setting the stage for substantial future gains.
Historical Trends and Analyst Predictions
- Bitcoin has historically seen robust Q4 rallies during halving cycles. Ki Young Ju, CEO of CryptoQuant, expects a strong finish to 2024, mirroring past patterns. Analyst Ali Martinez notes it's been 119 days since the 2024 halving, suggesting Bitcoin might be entering an early parabolic rise, with significant movements expected later this year.
- CryptoCon's updated November 28th Cycles Theory aligns with this view, predicting Bitcoin could hit new all-time highs by late 2025, potentially reaching $200,000.
Current Market Conditions
- Despite these bullish forecasts, Bitcoin's current market behavior shows a lack of clear direction. Veteran trader Peter Brandt notes that BTC is stuck in a descending channel, with no definitive trend. Market conditions indicate a lack of strong demand from large investors, but whales may play a crucial role in driving prices higher in Q4.
- While short-term trends are uncertain, the broader outlook suggests Bitcoin is on the brink of a substantial rally.
Source - thecoinrepublic.com
