{"id":10845,"date":"2024-10-01T22:00:50","date_gmt":"2024-10-01T22:00:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=10845"},"modified":"2024-10-01T22:00:50","modified_gmt":"2024-10-01T22:00:50","slug":"major-catalyst-that-could-drive-bitcoin-to-new-ath-in-q4-emerges","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=10845","title":{"rendered":"Major Catalyst That Could Drive Bitcoin To New ATH In Q4 Emerges"},"content":{"rendered":"

With the start of the highly anticipated Uptober here, market experts have been super bullish on the Bitcoin future outlook<\/a>. In line with this, a crypto analyst has identified a major catalyst that could propel Bitcoin to new all-time highs (ATHs) in the Fourth Quarter (Q4) of 2024<\/a>.\u00a0<\/p>\n

Bitcoin Sets Sights On New ATH In Q4<\/h2>\n

Bitcoin has been on a roll these past few days, with its price skyrocketing<\/a> towards the end of September after experiencing a decline earlier. The cryptocurrency has been confirming analyst\u2019s predictions of a bullish Q4 with its recent price movements<\/a>.\u00a0<\/p>\n

According to CoinMarketCap\u2019s data, Bitcoin rose by about 1.03% in the past seven days, ending September on a bullish note<\/a>. Given the cryptocurrency\u2019s positive momentum in September, crypto analyst, Eric Crown has predicted<\/a> on X (formerly Twitter) that Bitcoin could rise to new all-time highs in Q4.\u00a0<\/p>\n

Crown has based his predictions on the historical performance of Bitcoin<\/a>, particularly focusing on the months following September. He disclosed that historically, whenever Bitcoin closed a green September, it followed up with a bullish trend in Q4 every single time.\u00a0<\/p>\n

Following this trend, Crown has surmised that Bitcoin closing September in the green was a major catalyst for a bullish surge. As a result, he predicts that the average return for Bitcoin in this current Q4<\/a> would be close to 170.42%.<\/p>\n

If a few major \u201coutliers\u201d are removed, a modest return of 50% would be a more realistic expectation of potential gains. Calculating Bitcoin\u2019s projected price<\/a> using these percentage returns would see the cryptocurrency rising to $173,344 with a 170.42% return and $96,153 with a 50% return.\u00a0<\/p>\n

While he remains generally bullish on Bitcoin\u2019s price outlook, Crown has also disclosed<\/a> in a more recent X post that the month of October has generally seen low momentum in Bitcoin during the first 10 days. This analysis is also evident in Bitcoin\u2019s current price<\/a> which has declined today by 0.69% and is trading at $63,976, as of writing.\u00a0<\/p>\n

Considering this trend, Crown has projected that Bitcoin is likely to witness a price low at the beginning of the month, before starting its projected bullish rally to new highs.\u00a0\u00a0<\/p>\n

Analysts Confirm Green Q4 For BTC<\/h2>\n

According to crypto analyst Kaizen, Bitcoin\u2019s price performance in October from 2013 to 2023 was 80% in the green. The analyst also disclosed<\/a> that during every United States (US) election year, the months of Q4 were 100% green. Moreover, each year after Bitcoin closed positively in September, it always had a green October.\u00a0<\/p>\n

Following this recurring historical trend, Kaizen notes that this Q4 could be extremely bullish for Bitcoin<\/a>. He highlighted that not only is 2024 an election year, but Bitcoin has recently closed the month of September on a positive trend, as a result the cryptocurrency could be gearing up for a major rally<\/a>.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

With the start of the highly anticipated Uptober here, market experts have been super bullish on the Bitcoin future outlook. In line with this, a crypto analyst has identified a major catalyst that could propel Bitcoin to new all-time highs (ATHs) in the Fourth Quarter (Q4) of 2024.\u00a0 Bitcoin Sets Sights On New ATH In […]<\/p>\n","protected":false},"author":0,"featured_media":10846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10845"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10845"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10845\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/10846"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}