### Bitcoin ushers in a positive season, and the price may hit the $100,000 mark! 🚀

BlockBeats news, on October 3, CryptoQuant analysts brought exciting news-Bitcoin is entering a positive seasonal phase! But for BTC prices to reach $100,000 in the fourth quarter, increased demand is the key factor.

According to CryptoQuant analysts, Bitcoin's performance is similar to that of 2016 and 2020 as of September, which means we may see similar price trends. Do you remember the Bitcoin market in those two years? Yes, it was all the way up!

### ETF demand is the key

Analysts specifically pointed out that institutional demand brought by US Bitcoin exchange-traded funds (ETFs) is a key factor in further growth in Bitcoin prices. If ETF demand continues to accelerate, it may drive prices up in the last quarter of 2024.

On-chain data valuation indicators also show that Bitcoin may target a price range of $85,000-100,000 in the fourth quarter against the backdrop of a recovery in demand and seasonal benefits. This news undoubtedly makes many investors excited. After all, who doesn't want to see their investment double?

### What do you think?

Of course, the market is always full of uncertainty, and we cannot ignore the potential risks. Bitcoin prices have always been very volatile, and investors need to remain calm and rational.

So, what do you think about the future trend of Bitcoin? Do you think it can reach $100,000 in the fourth quarter? Welcome to share your views and predictions in the comment section, let's discuss this exciting topic together!

### Conclusion

In general, Bitcoin is entering a positive seasonal phase, and both ETF demand and on-chain data support its price increase. But the market is full of variables, and investment needs to be cautious. Looking forward to everyone's heated discussion in the comment section!