October is here, and crypto experts are feeling optimistic about Bitcoin’s future. One analyst, Eric Crown, thinks Bitcoin could hit new record highs in the last quarter of 2024.
Bitcoin’s Recent Rise
Bitcoin has been on a tear lately, especially at the end of September. This recent surge has analysts excited about the potential for a strong Q4. Crown’s prediction is based on historical trends: whenever Bitcoin closed September in the green, it’s consistently seen a bullish Q4.
Crown’s Predictions
Based on past performance, Crown predicts Bitcoin could see a massive 170% return in Q4, potentially pushing the price to $173,000. However, he acknowledges that this is a very optimistic scenario. A more realistic estimate is a 50% gain, which would put Bitcoin around $96,000.
October’s Potential Dip
While Crown is bullish on Bitcoin’s overall outlook, he does warn that October might start slow. Bitcoin could see a slight dip in the first 10 days of the month before starting its rally.
Other Analysts Agree
Another analyst, Kaizen, also sees a strong Q4 for Bitcoin. He points out that Bitcoin has historically performed well in October, especially during US election years. Since 2024 is an election year and Bitcoin closed September on a positive note, Kaizen believes the stage is set for a major Bitcoin rally.
The Bottom Line
While no one can predict the future, the current momentum and historical trends suggest that Bitcoin could be in for a strong Q4. It’s an exciting time to be watching the crypto market, and it will be interesting to see if Bitcoin can reach new all-time highs in the coming months.
