Bitcoin's Bullish Q4 Outlook, Signs of a New Bull Run

Bitcoin's Bullish Q4 Outlook, Signs of a New Bull Run

Oct 10 Tech Standard

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.

HarshitKulhan

Crafting cinematic stories through the lens of my phone, I am a blogger and content writer who expresses the essence of my blogs through words

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