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Заголовок Bitcoin Enters Positive Seasonality Period, But There’s a Catch: CryptoQuant
Дата 20241004

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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Enters Positive Seasonality Period, But There s a Catch:
CryptoQuant

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Enters Positive Seasonality Period, But There s a Catch:
CryptoQuant

Author: Mandy Williams

Last Updated Oct 4, 2024 @ 12:34

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin demand needs to grow for the asset to remain steady in the bull phase
and rally to its price targets of $85,000 and $100,000.

Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) usually performs well in the fourth quarter of bull cycle years,
especially after halving events. CryptoQuant analysts say this year will be no
different; however, things are not adding up.

According to a CryptoQuant report , Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s apparent demand growth is still
slow, and it will need to grow at faster rates to propel and sustain price
rises in Q4.

BTC Demand Needs to Pick-up

Seasonal performances seen in 2012, 2016, and 2020, which are all halving
years, recorded increases of 9%, 59%, and 171%, respectively, for the price of
BTC. So far in 2024, bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s performance has been similar to patterns seen
in 2016 and 2020, indicating a high chance that the price would rally in the
coming
months.

The only difference between 2024 and 2020 is that BTC entered Q4 hovering
between the bull and bear phases this year, while the asset entered Q4 2020 in
a clear bull phase. The CryptoQuant Bull-Bear Market Cycle Indicator tracked
this movement, signaling that BTC had been hovering between the bull and bear
phases for the past three weeks.

Demand needs to grow for BTC to remain steady in the bull phase. Based on past
trends, analysts expect it to resume, possibly leading to an increase in
short-term supply. The launch of spot Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin exchange-traded funds (ETFs)
earlier in 2024 caused a spike in supply, which reflected high demand as
long-term holders sold to new buyers.

Currently, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s apparent demand growth appears muted, and it has been so
since July, oscillating between -23,000 and +69,000 BTC monthly. This metric
grew by 496,000 BTC in April when the asset was hovering at $70,000; hence,
there is a lot of room for growth in Q4.

BTC Targets $85K to $100K

Spot Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs in the United States• Соединённые Штаты Америки (США) are already showing signs of increasing
demand. They moved from net selling 5,000 BTC in early September to buying
roughly 7,000 BTC by the end of the month. Analysts said this is the highest
daily purchase since July 21.

Meanwhile, on-chain data valuation metrics suggest BTC could rally to $85,000
or $100,000 once prices pick up in Q4. Analysts called these target• Объект бренды » Бренды на t » Target prices the
upper and maximum levels of traders’ on-chain realized bands.

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Tags: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Bull Run

============= Итог: 3,7660 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin 2,0000 ; Соединённые Штаты Америки (США)

============= Географические объекты: 1 40.000000000,-100.000000000 Соединённые Штаты Америки (США)


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