bullish

FOMO

Bitcoin

Shiba Inu

Bitcoin has surged past $65,000 for the first time since August 2, following the Federal Reserve’s 50 basis point interest rate cut. This rise, coupled with historical data suggesting we are approaching Bitcoin’s seasonally bullish months, has increased expectations of a rally. A well-known analyst believes that a strong rally is highly likely in the fourth quarter. 
<h2 id="a-new-all-time-high-for-bitcoin-in-the-short-term">A New All-Time High for Bitcoin in the Short Term?</h2> 
Markus Thielen, founder of 10X Research, notes that FOMO (Fear of Missing Out) has returned to the Bitcoin and altcoin markets. He stated, “There is a very high probability of a rally in the fourth quarter.” 
Thielen explained that Bitcoin’s recent rise past $65,000 sets the stage for a rapid move towards $70,000, with the potential for new all-time highs soon after. He emphasized: 
“With Bitcoin crossing $65,000, we expect a quick move to $70,000, followed by a new all-time high in the near term.” 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-15625" src="https://www.turkishnyradio.com/wp-content/uploads/2024/09/a-Bitcoin-BTC-and-altcoin-rally.-The-image-features-Bitcoin-prominently-with-upward-arrows-and-glowing-charts-sym.webp" alt="a Bitcoin BTC and altcoin rally. The image features Bitcoin prominently with upward arrows and glowing charts sym" width="1792" height="1024" title="Short-Term Analyst Predicts a Rally for Bitcoin (BTC) and Altcoins! Here's Why 20" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/09/a-Bitcoin-BTC-and-altcoin-rally.-The-image-features-Bitcoin-prominently-with-upward-arrows-and-glowing-charts-sym.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/09/a-Bitcoin-BTC-and-altcoin-rally.-The-image-features-Bitcoin-prominently-with-upward-arrows-and-glowing-charts-sym-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/09/a-Bitcoin-BTC-and-altcoin-rally.-The-image-features-Bitcoin-prominently-with-upward-arrows-and-glowing-charts-sym-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
<h2 id="fomo-returns-altcoins-are-exploding">FOMO Returns, Altcoins Are Exploding!</h2> 
Since the Fed’s rate cut in September, Bitcoin has gained 5%, while Ethereum (ETH) has risen 11%. Several altcoins have also made impressive gains. Thielen highlighted ENA (54%), SEI (51%), and Shiba Inu (SHIB 36%) as prime examples. 
He noted that Bitcoin surpassing $65,000 has sparked FOMO in the altcoin market, leading to significant gains. As Chinese OTC investors pump billions into the market, Thielen believes the rally could extend even further. 
“Bitcoin’s move above $65,000 triggered FOMO in the altcoin market, and we may see even larger gains ahead, with more FOMO across BTC and altcoins.” 
<blockquote class="twitter-tweet"> 
 FOMO is Back: Are You Holding Enough Bitcoin and Altcoins to Ride the Next Wave? 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">1-11) Since the Fed’s September rate cut, Bitcoin has gained 5%, while Ethereum has surged 11%, and certain altcoins have seen impressive gains—+54% for ENA, +51% for SEI, and +36% for Shiba Inu.… <a href="https://t.co/QK6hExh4lk" rel="nofollow" target="_blank">pic.twitter.com/QK6hExh4lk</a> 
 — 10x Research (@10x_Research) <a href="https://twitter.com/10x_Research/status/1839469520056094858?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">September 27, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Thielen pointed to ENA, SEI, and SHIB as standouts, noting that Shiba Inu has become especially popular among South Korean investors. Over the past 24 hours, Shiba Inu reached the top of trading volume in South Korea, setting the stage for a potential Q4 rally.

Short-Term Analyst Predicts a Rally for Bitcoin (BTC) and Altcoins! Here’s Why

Table of Contents

TNYR

Other articles published on Sep 27, 2024

Bitcoin Surpasses $65,000 Driven by Market Trends

Exclusive Bonuses You Don’t Want to Miss: Limited-Time Opportunity

Coinpedia Fintech News

Bybit to Launch Pre-Market Trading for Movement Network (MOVE) on September 27

The Federal Tax Service of Russia to Develop and Maintain a Register of Cryptocurrency Miners

Cardano investor who made $9M on PEPE says this $0.05 AI coin will hit $50 by 2025

Join our free newsletter for daily crypto updates!