NYDIG: Near-Term Bitcoin Upside Elusive, Q4 Expectations
CryptoNewsTerminal Staff09 Sep, 2024
NYDIG: Near-Term Bitcoin Upside Elusive, Q4 Expectations
NYDIG has forecasted that the catalyst for near-term Bitcoin price upside remains uncertain. However, the fourth quarter (Q4) holds promise for positive price action. Historically, August and September tend to be weak months for Bitcoin, but Q4 and particularly October have been seasonally strong. With Q4 approaching, the market will need to look beyond crypto for catalysts, such as macroeconomic news related to employment, inflation, Federal Reserve policy, and the U.S. election in November.
