2024

Bitcoin

Coin

<p>Bitcoin (BTC) is poised for a potentially game-changing fourth quarter. This happens as historical patterns and expert predictions indicate a significant bull run on the horizon.</p> 
<p>Despite recent fluctuations and an unclear trend, analysts are optimistic about strong performance in the last months of 2024, paving the way for considerable gains in the years ahead.</p> 
<p>Historically, Bitcoin’s price during halving cycles has consistently demonstrated a robust rally in Q4.</p> 
<p>Ki Young Ju, CEO of CryptoQuant,&nbsp;<a href="https://x.com/ki_young_ju/status/1826238648536510867">highlights</a>&nbsp;this trend on X, noting that previous cycles saw Bitcoin prices surge as the year ended. Ju expects a repeat of this pattern, forecasting a robust finish to 2024.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="878" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1-1024x878.png" alt="Source: Ki Young Ju X" class="wp-image-677239" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1-1024x878.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1-300x257.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1-768x659.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1-1536x1317.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1-150x129.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1-696x597.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1-1068x916.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1-1920x1646.png 1920w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1.png 2000w" sizes="(max-width: 1024px) 100vw, 1024px">
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  <em>Source: Ki Young Ju X</em>
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<p>Currently trading around $61,000, Bitcoin is poised for potential growth. Ju’s analysis, in line with historical data, indicates that Q4 could be a pivotal time for a bullish breakout.</p> 
<h2 class="wp-block-heading" id="h-analysts-forecasts-strong-q4-for-bitcoin"><strong>Analysts’ Forecasts Strong Q4 for Bitcoin</strong></h2> 
<p>As reported by The Coin Republic, Ali Martinez on X&nbsp;<a href="https://thecoinrepublic.com/2024/08/20/crypto-market-tops-2-11t-analysts-expect-more-bullish-gains/">pointed out</a>&nbsp;on August 19 that “it’s been 119 days since the 2024 Bitcoin halving.” Historical trends show that Bitcoin often reaches a market peak approximately 530 days after a halving.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">It's been 119 days since the 2024 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> halving. In the last two cycles, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> hit a market top around 530 days post-halving. <br><br>If history repeats, we're still in the early stages of this cycle! <a href="https://t.co/Yxxo7DLfsg">pic.twitter.com/Yxxo7DLfsg</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1825452332709978200?ref_src=twsrc%5Etfw">August 19, 2024</a>
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<p>If this trend continues, Martinez suggests that Bitcoin might be entering the early phases of a parabolic run, with significant movements anticipated later this year.</p> 
<p>CryptoCon, another prominent analyst, shares this optimistic outlook. As reported by The Coin Republic, CryptoCon has updated its&nbsp;<a href="https://www.thecoinrepublic.com/2024/08/21/bitcoin-on-track-for-six-figure-ath-analyst-maintains-target/">November 28th Cycles Theory</a>. It suggests that the current market activity is part of a larger trend that could lead to ATH.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I've made many improvements to the November 28th Cycles Theory since I created it in January 2023, but the original model's idea remains intact.<br><br>Some people are calling for a <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> top or a recession, but I think the best is still yet to come.<br><br>The March 2024 local high has… <a href="https://t.co/FR1MzhJrtp">pic.twitter.com/FR1MzhJrtp</a></p>— CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1825556114160964089?ref_src=twsrc%5Etfw">August 19, 2024</a>
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<p>Despite recent market fluctuations, CryptoCon predicts that the peak could occur in late 2025, with a possible price target nearing $200,000. This forecast reflects a positive perspective on Bitcoin’s long-term path, setting the stage for a major rally in the months leading up to late 2025.</p> 
<h2 class="wp-block-heading" id="h-btc-price-lacks-clear-direction"><strong>BTC Price Lacks Clear Direction</strong></h2> 
<p>Despite the optimistic forecasts, Bitcoin’s present market behavior stands in stark contrast to earlier expectations.</p> 
<p>Veteran trader Peter Brandt has recently pointed out that Bitcoin is currently trapped in a descending channel, showing no definitive trend. He observes that the BTC price action is creating a broadening triangle pattern, with no clear direction yet established.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Charts of continuing interest are Bitcoin and Ether.<br>Weekly and daily graphs continue to form a megaphone or broadening triangle pattern in BTC<br>No declaration of next trend yet <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> will remain defensive unless/until close above 3050 occurs <a href="https://t.co/aEESwhX5oC">pic.twitter.com/aEESwhX5oC</a></p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1826013246664618227?ref_src=twsrc%5Etfw">August 20, 2024</a>
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<p>The current market landscape indicates a lack of strong demand from large-volume investors, alongside a gradual recovery from April’s block subsidy halving. Predictions for new all-time highs this year have also diminished, with many forecasts turning out to be inaccurate.</p> 
<p>Whales are anticipated to play a big role in influencing Bitcoin’s price movements in Q4. Ki Young Ju highlights that whales are likely to spark market activity, preventing stagnation and fostering a bullish sentiment.</p> 
<p>Even with the current volatility and uncertain short-term trends, the overall perspective suggests that Bitcoin might be on the verge of a significant rally.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/22/experts-eye-q4-as-turning-point-for-bitcoin-new-ath/">Experts Eye Q4 as Turning Point for Bitcoin’s New ATH</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Experts Eye Q4 as Turning Point for Bitcoin’s New ATH

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