đ Bitcoin Ready for Liftoff? đ
Hold onto your hats, crypto enthusiasts! According to 10x Research, Bitcoin (BTC) might be gearing up for a significant rally by the end of 2024. Markus Thielen, the brain behind 10x Research, suggests that a $5-8 billion FTX payout could spark bullish vibes.
đ Key Points:
- Bitcoin's seasonal pattern: Historically strong from October to March.
- Potential catalysts: Fed rate cuts, inflation, and US elections.
- Watch out: BTC has a history of 70% drawdowns.
Gold's recent pump adds more spice to the mix. Will BTC follow suit? Share your thoughts in the comments! đŹ
