bullish

2024

Bitcoin

Timothy Peterson, a crypto-focused economist, has shared his outlook for Bitcoin’s performance in the final quarter of the year, hinting at significant growth potential. 
<h2 id="peterson-suggests-40-chance-of-bitcoin-reaching-100k-by-year-end">Peterson Suggests 40% Chance of Bitcoin Reaching $100K by Year-End</h2> 
According to Timothy Peterson, Bitcoin’s historical fourth-quarter performance has generally been positive, with a few exceptions during <a href="https://www.turkishnyradio.com/analysis-firm-shares-3-key-scenarios-for-bitcoins-bear-market/" target="_blank" rel="noopener">bear markets</a> like in 2018 and 2022. Despite these outliers, Peterson believes 2024 will follow the typical positive trend, predicting a 30% to 60% surge in Bitcoin’s price for this quarter. 
Peterson has even placed a 40% probability on Bitcoin surpassing the $100,000 mark by the end of the year. He referenced data from past fourth-quarter performances, noting a nearly 50% drop in 2018 and a slight decline in 2022. However, more significant rallies have also occurred, such as a 200% increase in 2017, a 150% rise in 2020, and almost 100% growth in 2015. 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-21961" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/depicting-a-strong-upward-trend-for-Bitcoin-with-the-Bitcoin-logo-glowing-prominently.-The-background-features-digital-char.webp" alt="depicting a strong upward trend for Bitcoin with the Bitcoin logo glowing prominently. The background features digital char" width="1792" height="1024" title="Famous Economist Predicts Bitcoin Surge by Year-End: $100K on the Horizon? 26" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/depicting-a-strong-upward-trend-for-Bitcoin-with-the-Bitcoin-logo-glowing-prominently.-The-background-features-digital-char.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/depicting-a-strong-upward-trend-for-Bitcoin-with-the-Bitcoin-logo-glowing-prominently.-The-background-features-digital-char-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/depicting-a-strong-upward-trend-for-Bitcoin-with-the-Bitcoin-logo-glowing-prominently.-The-background-features-digital-char-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
<h2 id="what-history-tells-us-about-bitcoin-in-q4">What History Tells Us About Bitcoin in Q4</h2> 
Historically, Bitcoin’s fourth-quarter results have been some of its strongest. The most notable Q4 rally occurred in 2017, with gains surpassing 200%. Similar positive performances were observed in 2020, with a 150% rise, and 2015, with nearly 100% growth. These trends contribute to the current optimism around Bitcoin heading into the end of 2024. 
While October is often considered a bullish month for Bitcoin, early this month saw a significant dip, with Bitcoin dropping below $60,000. At the time of writing, Bitcoin is trading around $63,700, which many investors see as a potential springboard for a year-end rally. 
<h2 id="investors-eyes-on-bitcoin-s-final-surge">Investors’ Eyes on Bitcoin’s Final Surge</h2> 
The fourth quarter is crucial for the crypto market, and many investors are closely monitoring Bitcoin’s movements, especially with predictions like Peterson’s suggesting a significant rally. As the year progresses, Turkish NY Radio will continue to provide updates on Bitcoin’s performance and potential market movements.

Famous Economist Predicts Bitcoin Surge by Year-End: $100K on the Horizon?

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