The historical trends of Bitcoin suggest that the cryptocurrency may be on the verge of another major rally similar to its previous Q4 surges. In 2016, Bitcoin gained 61% in Q4, and in 2020, it gained 171%. Crypto analyst Ali Martinez pointed out that the price trajectory of 2024 appears to mirror the patterns of both years, raising the possibility of history repeating itself and Bitcoin experiencing an epic rally in the final months of the year. Currently, Bitcoin has increased its weekly gains to nearly 10% and reached a high of $64,712. The completion of Bitcoin's fourth "halving" earlier this year is seen as a bullish event, as previous halvings resulted in significant price increases. However, it is important to note that past success does not guarantee future results.



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