- A popular crypto enthusiast, Miles Desutscher says Q4 could catch investors off guard.
- He goes on to share crucial factors that could prepare investors for upcoming challenges.
- He expects a monumental market shift for the crypto market in Q4 of 2024.
Expectations for a bullish Q4 are higher than ever as Bitcoin (BTC) continues its bullish sideways movement around the $60,000 price target. Amidst the discussions for what’s next among crypto analysts one popular crypto enthusiast shares his take on the biggest factors that could influence Bitcoin action in Q4 2024.
Top Factors for Monumental Shift in Q4
As we can see from the post above, crypto analyst and DeFi enthusiast Miles Deutscher, says that the crypto market is about to enter a time where investors can be caught off guard. He encourages investors to stay vigilant and keep a close eye on market movements and political and financial events to do so.
To start, he says that with Q4 just about to begin, the critical factors investors should keep track of to make the best of the coming market fluctuations are monumental. He goes on to list his top 10 events to watch carefully and react accordingly.
To highlight, he says these factors are divided into season, macro, and crypto-specific factors. The first, seasonality, is the most obvious factor as the crypto market tends to have its seasons where cryptos behave similarly across these seasons despite other changes. One of the biggest seasonal factor is that Q4 of a Bitcoin Halving year is always bullish.
Bitcoin’s Seasonal Actions Suggest Massive Q4 Pump
He highlights how Bitcoin no matter what always rises by a certain amount. So far it has risen by 88.84%, 168.7%, and 58.17% over the last few cycles. This is often followed after the worst performance that is Q3 of that year. October to April are often recognized as the ‘boom’ period for crypto and this time could be no different.
He then talks about macro factors that could influence the crypto market. This time it is about the US elections, inflation cooling, Fed rate cuts, the US dollar weakening, and global liquidity rising. This brings us to his last factor, crypto-specific factors. Here he mentions retail interest dropping, Coinbase app ranking, and FTX’s $16 billion repayments.
He concludes his post by encouraging traders to adapt and assess new information to arise on any and all occasions. He says things change fast for the asymmetrical world of crypto and emphasizes on the need for a thorough, updates, and well-thought-out strategy to succeed.
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