bullish

Bitcoin

when

Reserve

James

<p>As we approach the fourth quarter, a wave of optimism surrounds Bitcoin's growth potential, with analysts sharing different insights on what drives their expectations. Among the latest to join this group of ‘crypto optimists’ is CoinDesk Senior Analyst James Van Straten, who offers a compelling reason for his optimism. </p>   
<p>Curious to find out more? Here’s what you need to know!</p>   
<h2 class="wp-block-heading" id="h-bitcoin-s-historic-cycle-trends-nbsp">Bitcoin’s Historic Cycle Trends&nbsp;</h2>   
<p>In a recent post on X, Van Straten shared a chart that shows the price movement of three Bitcoin market cycles: 2015 to 2018, 2018 to 2022, and the current cycle since 2022. The chart reveals a striking pattern—Bitcoin has consistently performed well in September during these cycles.</p>   
<figure class="wp-block-image">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/09/23140509/image-490.png" alt="" class="wp-image-354180">
</figure>   
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin Price Analysis</h2>   
<p>In just the past week, Bitcoin has seen impressive growth of 8.6%, bringing its current price to about $63,458. Just a week ago, on September 17, Bitcoin was valued at $58,287. This upward momentum gained speed after the U.S. Federal Reserve announced an interest rate cut, boosting market confidence. At the start of the month, Bitcoin was priced around $58,998 and dropped to a low of $53,947 on September 6. After September 7, the market turned mostly bullish, with the only significant pullback happening between September 14 and 16, when prices fell from over $60,000 to below $58,300.</p>   
<figure class="wp-block-image">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/09/23140510/image-489.png" alt="" class="wp-image-354179">
</figure>   
<h2 class="wp-block-heading" id="h-van-straten-s-bold-prediction">Van Straten's Bold Prediction</h2>   
<p>Like many ‘crypto optimists,’ Van Straten has a very bullish outlook for Bitcoin in Q4 2024. He predicts that Bitcoin could reach between $108,000 and $155,000 by the end of the year, backed by the trends shown in his chart. This visual evidence strongly supports Van Straten's hopeful view.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/btcjvs/status/1837876978466070691?t=BZB96jiYsi0m0-yK0b4UTw&amp;s=19 
 </div>
</figure>   
<p>If the current Bitcoin cycle follows the patterns of past cycles, it’s reasonable to expect the market to aim for the impressive price levels that Van Straten predicts. His chart shows that the ongoing cycle is tracking within the limits set by previous ones. However, he also notes that if the global market experiences a recession, reaching these predicted price ranges could become much more challenging.</p>   
<p><strong>The potential for Bitcoin's growth is limitless. The only question is, are you willing to invest?</strong></p>

Coinpedia Fintech News

목차

CoinPedia News

2024년 9월 23일에 게재된 다른 기사

Binance Demands Release of Executive Before Meeting Nigerian Crypto Regulations: Report

Bitcoin Climbs as Fed Predicts Rate Adjustments

NEAR Protocol Sees Bullish Momentum Amid Market Rally

Bittensor Price Climbs to $558; Analyst Predicts $560 Target

Coinpedia Fintech News

These Altcoins Have Much More Users Than PEPE – But Why?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!