bullish

Crown

Bitcoin

James

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After exceeding the expectations of most market participants this September, <a href="https://x.com/KrownCryptoCave/status/1840505582018539716" rel="noopener noreferrer nofollow">Bitcoin</a>, the leading cryptocurrency, might now be on track to record stellar gains in the fourth quarter of the year.&nbsp;
According to analyst Eric Crown, every time the largest cryptocurrency has closed September in the green, it would end up having a positive fourth quarter.&nbsp;
Crown has calculated that the average return for such quarters currently stands at 170%.&nbsp;
Bitcoin has been on a roll since the recent implementation of the Federal Reserve's jumbo rate cut.&nbsp;
On Friday, the price of the leading cryptocurrency peaked at $66,508. However, the bulls failed to maintain their momentum during the weekend. On Sunday, Bitcoin ended up dipping into red territory.&nbsp;
The leading cryptocurrency has started the new week with another decline, plunging to the $64,000 level.&nbsp;
Despite the unfortunate price drop, Bitcoin is still up by more than 8% this September. Unless a major price crash happens in the near future, the cryptocurrency still appears to be on track to finish this month in the green. This could potentially set the stage for a bullish Q4 if history is any guide.&nbsp;
James Check, an on-chain analyst at Glassnode, has noted that Bitcoin's market momentum is now back to neutral across multiple timeframes. He has also pointed to the fact that cryptocurrency is showing a high level of&nbsp;<a href="https://x.com/_Checkmatey_/status/1840576875313443065" rel="noopener noreferrer nofollow">correlation</a> with gold and equities. This could be viewed as a positive development given that these two assets recently reached record highs.&nbsp;

Key Reason Why Bitcoin Might Have Massive Q4

U_Today

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