- Bitcoin (BTC) price dips to $61,000 leading to one analyst predicting another bottom.
- He expects BTC to dip to $57,000 before heading towards setting trend highs.
- Altseason with new altcoin ATHs expected to arrive Q1 2025.
Bitcoin price dropped to the $61,000 price range opening a not-very-bullish start to Q4. The crypto market, especially in Bitcoin Halving years, is expected to make bullish green waves in Q4. This time, crypto analysts are expecting the price of Bitcoin to set new highs possibly between the $80,000 to $100,000 region.
Bitcoin Signals Another Bottom Before a Higher High
According to one analyst, Bitcoin (BTC) may print one more dip this month before shooting up to set new cycle and trend tops. As we can see from the post above, the reputed analyst Crypto Bullet shares his expectation for the pioneer crypto asset’s next big move before its inevitable pump for Q4.
In detail, the price of BTC is exploring the analyst’s Blue Zone ($59,000-$60,000) that he pointed out 5 days ago when BTC was trading at $65,000 and everyone was bullish. Now the analyst believes BTC price can go a bit lower, possibly after a small bounce. He hopes to see the BTC price of the September 16 low at $57,500 taken out and expects that the $57,000 dip will be the ultimate low for the month.
Bitcoin’s Q4 Bull Pump Means a Q1 Altcoin Pump
Meanwhile, another analyst declares that the bull market will begin in 2 months that is November 28, 2024 to be exact. This will likely be a wave followed by the US Presidential elections. Also, the chart predicts a repetitive pattern that’ll lead to a major price pump for Bitcoin (BTC), and eventually the greater crypto market.
Lastly, one crypto enthusiast, Lady of Crypto, reminds the market to be patient for altseason. The bullish action of Q4 is particularly for Bitcoin (BTC). The sentiment for a Q4 altseason is high but this enthusiast uses historical action to remind traders on a likely Q1 pump for altcoins.
