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<p><a href="https://captainaltcoin.com/this-bitcoin-indicator-that-nailed-aprils-momentum-shift-is-flashing-again-as-btc-price-fails-to-break-64k/" target="_blank" rel="noopener noreferrer nofollow">The Bitcoin price</a> has shown strong performance in the past fourth quarters (Q4), gaining 61% in 2016 and 171% in 2020. Currently priced at around $63.6k, many analysts speculate whether BTC could once again surge.&nbsp;</p>
<p>Captain Faibik, a top crypto trader, predicts Bitcoin may test the $68,000 resistance level soon, with a potential breakout pushing BTC to $88,000-$90,000 by December.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> could test the crucial 68k resistance level later this week. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>In early October, I'm Expecting a Broadening Wedge Breakout to the upside, and Bitcoin could reach $88-90k by the end of December.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/BTCUSDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTCUSDT</a> <a href="https://t.co/9kKx5iyrN6" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9kKx5iyrN6</a></p>— Captain Faibik <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1838042489808126438?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 23, 2024</a>
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<h3 class="wp-block-heading" id="strong-bitcoin-s-price-projections-based-on-historical-data-strong"><strong>Bitcoin’s Price Projections Based on Historical Data</strong></h3>
<p>During Q4 2016, Bitcoin jumped 61%. By the end of Q4 2024, BTC would rise to around $102,454 if it reflects the same increase from its <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">present price of $63,631.70</a>. Conversely, should the 2020 Q4 performance of 171% be duplicated, Bitcoin might soar to around $172, 457.</p>
<p>This comparison emphasizes, depending on whether history repeats itself, the possibility for a substantial increase in Q4 2024. Although past performance does not ensure present results, these trends help one to understand prospective outcomes.</p>
<h3 class="wp-block-heading" id="strong-could-bitcoin-reach-100k-strong"><strong>Could Bitcoin Reach $100K?</strong></h3>
<p>As Captain Faibik pointed out, BTC is almost to the $68,000 resistance level; so, the likelihood of Bitcoin either hitting or surpassing $100,000 is really high. The vital resistance has to be removed if we are to maintain this increasing momentum. Faibik also sees a widening wedge pattern, implying that <a href="https://cointelegraph.com/news/rsi-classic-btc-price-breakout-5-things-bitcoin-this-week" target="_blank" rel="noopener noreferrer nofollow">Bitcoin might have a breakthrough</a> not too distant.</p>
<p>Given the reflected price behavior from 2016 and 2020, it is remarkable that Bitcoin might soar to $100k by the end of 2024. Unlocking this milestone might need a widening wedge breakout.</p>
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<p><strong><em>Read also:</em></strong><a href="https://captainaltcoin.com/sui-network-breaks-900-million-in-tvl-as-sui-price-explodes/" target="_blank" rel="noopener noreferrer nofollow"><strong><em> Sui Network Breaks $900 Million in TVL as SUI Price Explodes</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-analyst-predictions-and-market-sentiment-strong"><strong>Analyst Predictions and Market Sentiment</strong></h3>
<p>Ali (@ali_charts) also adds to the conversation by highlighting Bitcoin’s similar price patterns in previous bull runs, suggesting the possibility of history repeating itself. His observation that 2024 mirrors both 2016 and 2020 adds weight to the expectation of a continued upward trajectory.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> gained +61% in Q4 of 2016 and +171% in 2020. Interestingly, 2024's price action so far mirrors both years—could history be repeating itself? <a href="https://t.co/M6KxT0unE0" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/M6KxT0unE0</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1838062986885513680?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 23, 2024</a>
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<p>Although forecasts of prices differ, these observations from market analysts highlight that Bitcoin’s price might hit new highs before the end of the year; some anticipate up to $90k as the next target. $100,000 is still a possibility, but the present market attitude is positive.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/heres-how-bitcoin-price-performed-in-q4-will-btc-smash-100k-soon/" rel="noopener noreferrer nofollow">Here’s How Bitcoin Price Performed in Q4 – Will BTC Smash 100K Soon?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s How Bitcoin Price Performed in Q4 – Will BTC Smash 100K Soon?

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