The post CryptoQuant Analyst Predicts Massive Bitcoin (BTC) Surge in Q4 – Here’s Why! appeared first on Coinpedia Fintech News
Bitcoin recently surged past $55,000 in early August, marking a notable 20% gain. Since then, it has been trading within a narrow range, fluctuating between $57,000 and $63,000. Julio Moreno, Head of Research at CryptoQuant, has observed that Bitcoin’s performance in 2024 is similar to its behavior in the halving years of 2016 and 2020.
With the Q4 approaching, there are signs that Bitcoin could be gearing up for a significant rally.
Bitcoin Set for a Q4 Surge
In a recent tweet post, Julio Moreno pointed out that Bitcoin’s performance in 2024 is closely mirroring the trends observed during the halving years of 2016 and 2020. Historically, Bitcoin has shown significant price increases in the latter part of these halving years, and Moreno believes that if Bitcoin is going to see a boost, it will likely happen in the fourth quarter of 2024.
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