đ WILL BITCOIN HIT A NEW ATH IN Q4?
LOOK TO THE PAST HALVING CYCLES FOR CLUES!
After every halving, Bitcoin enters a consolidation phase lasting about 6 months. Letâs break it down:
đ 2016: 161 days of consolidation before a breakout.
đ 2020: 175 days of consolidation before a breakout.
đ 2024: Bitcoin has now been consolidating for 161 days.
This strongly suggests a breakout could be just 2-3 weeks away. Hereâs why:
đč China is injecting $280B to boost its economy.
đč The Fed has begun cutting rates.
đč The BOJ has halted rate hikes.
đč Trump is back in the spotlight.
đč Bitcoin ETFs are accumulating again.
đč Bitcoin flow to exchanges is at very low levels, signaling less selling pressure.
đč FTX distribution is expected this quarter.
đč Russia plans to use crypto for cross-border payments by November.
đč Global M2 money supply just hit a record $107 trillion.
đĄ In my opinion, the market hasn't fully priced in all these bullish indicators yet. Once it does, Bitcoin is primed to hit a new ATH, paving the way for a large-cap rally!
