- Bitcoin and Ethereum ETFs continue to outperform.
- Bitcoin spot ETFs just saw the third-largest net inflow of $2.22 billion.
- Altcoins prepare to end their reckoning phase and enter the golden pump phase.
Bitcoin (BTC) holds strong at the $68,000 price level as expectations for a bullish Q4 continue to grow stronger. Adding to the bullish sentiment is the expectation for an even more bullish altseason to follow Bitcoin’s possibility of setting new ATHs before the end of Q4. So far Bitcoin has closed both September and October in bullish green.
Bitcoin Spot ETFs See $2.22 Billion Net Inflows
Another factor adding to the bullish momentum is the strong performance of crypto ETFs last week. In detail, from October 28 to November 1, Bitcoin spot ETF had a net inflow of $2.22 billion, the third-largest weekly net inflow in history. Additionally, BlackRock ETF IBIT had a weekly net inflow of $2.15 billion while Ethereum spot ETF had a net inflow of $13 million last week.
Meanwhile, analysts are thrilled to see Bitcoin and Ethereum ETFs continue to outperform. Top analysts expect Bitcoin to hit trend top prices between $100,000 to $150,000 by the end of 2024. More so, higher ATH predictions are turning up every day as analysts continue to study the Bitcoin (BTC) charts.
Witch cycle top BTC prediction from $220,000 to $550,000, analyst are certain that BTC will break its previous ATH at $73,700 to set a series of new ATHs in Q4 and continue to outperform itself in 2025. For instance, as we can see from the post below, this analyst says that altcoins look to be preparing for a grand finale.
Altseason Will Arrive After Altcoin Reckoning Phase Ends
Altseason can only occur when Bitcoin sets new ATHs. According to this analyst, the altcoin reckoning stage should be over by December 2024 or the second week of January at the latest. Following this altseason should likely commence.
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.
