Bitcoin (BTC) takes a healthy dip in price following the bullish September close where BTC price closed 8% above the price of a bullish close for the month of September. This, in the eyes of many crypto analysts, is a mega bullish sign that could lead to a highly parabolic new ATH for Bitcoin.
With September closing in a bullish 8% pump, the expectations for a bullish Q4 are higher than ever before. Many analysts highlight that the current year for crypto is a Bitcoin Halving year. So far, every Bitcoin Halving year has seen the price of Bitcoin pump green in the three months of Q4.
Presently, September has closed the highest it ever has and this paired with the fact that we are in a Bitcoin Halving year has further fueled the expectation for new parabolic highs for Bitcoin’s future. As we can see from the post above, one analyst highlights numerous reasons for traders and investors to be bullish.
Firstly, the analyst highlights that 80% of Octobers are green, 100% of US Presidential election years lead to green Q4s and 100% of the years where September closes green leads to green Q4. With all these factors in play, it certainly would be a challenge to not be bullish on Bitcoin.
So far, many seasoned crypto analysts and financial experts have shared their bullish takes on the future price of Bitcoin (BTC). According to one analyst, BTC price can hit $550,000 by 2030 when the pioneer crypto asset’s market cap will likely hit 8 trillion. This prediction was made by a silver-tongued analyst who made many accurate predictions in the crypto market.
This same silver-tongued analyst now highlights the market’s present crypto market state saying a healthy correction is taking place. He expects BTC to bounce back soon at the $63,488 and expects BTC to shoot towards setting higher highs once again.
Read CRYPTONEWSLAND onWith #Qubetics, #traditionalassets gain liquidity through groundbreaking asset tokenisation. Witness the transformation by participating in…
Discover three top cryptos under $10—DOT, #NEAR, and #LNEX—offering high ROI potential. Learn why these…
#GALA's trendline #breakout points to a potential #150% rally. Traders are ready for action? Learn…
#Dogwifhat (WIF) eyes #all-time high as it #breaks the #downtrend. #WIF #Bullish #ATH
Meld Gold and Ripple complete their first on-chain transaction on XRP Ledger, boosting secure DeFi…
Bitcoin ETF inflows crossed $1 billion in the last week of September, hinting at an…