- Bitcoin (BTC) closes the month of October in 10% bullish green.
- With September and October closing in green sentiment for greater Q4 highs appears.
- BTC price could hit a cycle top of $320,000 based on current movement.
Despite Bitcoin’s price dip to $69,000 from $73,000 sentiments for a bullish Q4 remains strong. One of the most bullish indicators for a parabolic Q4 that could lead to new 6-digit ATHs for Bitcoin is the fact that both the months of September and October closed in bullish green. In particular, for October, the month closed in a 10% pump for BTC.
October’s Bullish Close Fuels Parabolic Q4 Expectations
As we can see from the post above, the data depicts how in previous years, when both September and October have closed in green, Bitcoin (BTC) has gone on to pump for the rest of the year. Historically, these pumps have been over 30% on average, which means a highly bullish Q4 is very likely.
Which expectations for Q4 to close with Bitcoin (BTC) price between $100,000 to $150,000, the analyst from the post above believes BTC price could hit $91,000 by the end of the year. Meanwhile, other popular analysts add to the bullish narrative of Bitcoin for the remaining months of Q4.
BTC Cycle Top to $320,000?
Based on the post above, this analyst observes what he believes to be that Bitcoin (BTC) has confirmed another post-halving bull signal which marks the fourth consecutive time for the pioneer crypto asset this cycle. He then goes on to say that each of these previous confirmations has led to monumental runs for Bitcoin and the cryptocurrency markets.
Adding on, the analyst says that another significant post-halving run could very well begin soon. Lastly, another analyst chimes in with his cycle top expectations for Bitcoin (BTC) this bull run. Based on his post, Bitcoin has broken out above the 2Y Cup & Handle neckline and Descending Broadening Wedge. With the neckline and handle now being retested for support, he sets BTC top targets at $220,000 to $320,000.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
