CandleFocus

Major Catalyst That Could Drive Bitcoin To New ATH In Q4 Emerges

Bitcoin's price has been rising recently, confirming analysts' predictions of a bullish Q4. Crypto analyst Eric Crown predicts that Bitcoin could reach new all-time highs based on historical performance, particularly noting that whenever Bitcoin closed a green September, it followed up with a bullish trend in Q4. Crown projects an average return of 170.42% for this Q4, though a more realistic expectation would be a 50% return. Crown also expects a price low at the beginning of October before a projected bullish rally. Another analyst, Kaizen, highlights that Bitcoin has historically performed well in October during US election years and after positive September closes. This suggests that Q4 could be extremely bullish for Bitcoin in 2024.

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