Although the price of Bitcoin (BTC) has dropped to around $60,000, investors are still very optimistic about Q4. Experts anticipate a reversal after reaching a goal price of $57,500, speculating that October may initiate a fresh upswing in the current cycle.
Bitcoin's Bullish Outlook for Q4
When there is a Bitcoin halving year, Q4 is typically highly bullish, especially after a positive September. Experts advise traders to persevere, pointing out that bull markets for bitcoin usually start 170 days after the halving. One researcher believes that Bitcoin, which is currently trading at around $60,000, will rise following a decline to $57,500, which would indicate the beginning of a bull run in October.
Bitcoin's Path to New ATHs
According to CryptoBullet, before Bitcoin can rise to new all-time highs, it needs to rise above the low of September 16. Other analysts share this opinion and predict a massive bull market in the upcoming months. The trajectory of Bitcoin is resembling earlier bull markets as it approaches a golden cross and breaks out of a cup and handle pattern, indicating the possibility of an impending parabolic surge.
You are not Signed in