BTC Price Prediction: Skyrocketing Rise Expected in Q4

BTC Price Prediction: Skyrocketing Rise Expected in Q4

BTC Bulls on the Horizon CryptoQuant Research Head, Julio Moreno, has made a bold prediction: "The real bull run for BTC will start in Q4." His analysis is based on the Cumulative Return Index (CRI), which indicates that Bitcoin's price action in 2024 closely resembles that of previous halving years, particularly 2016 and 2020. Historical Patterns Point to Q4 Surge Moreno further explained, "If history repeats itself, Q4 is likely the period when BTC's price will experience a significant increase." The CRI suggests that the market is currently in a consolidation phase, similar to previous years before the bull run. Technical Indicators Signal Optimism Other technical indicators also support Moreno's prediction. The Relative Strength Index (RSI) is gradually trending upwards, indicating increasing buying pressure. The Moving Average Convergence Divergence (MACD) is also showing positive signals, with the MACD line crossing above the signal line. Positive Outlook for Q4 While the cryptocurrency market remains volatile, the combination of historical patterns, technical indicators, and expert analysis suggests that BTC is poised for a significant rise in Q4. Investors should stay informed and consider these predictions as they make investment decisions.