Cryptoquant CEO Predicts Strong Bitcoin (BTC) Rally in Q4 2023

IconCryptoNewsTerminal Staff21 Aug, 2024

cryptonews.jpg

Cryptoquant CEO Predicts Strong Bitcoin (BTC) Rally in Q4 2023

Cryptoquant CEO Ki-Young Ju has forecasted a strong Bitcoin (BTC) rally in the fourth quarter of 2023. Based on historical halving cycles, Ju expects a significant upward trend in Q4. This is in contrast to the sideways trend observed in the same period during previous years. Analysts believe that the upcoming halving, scheduled for 2024, will reduce the supply of new BTC entering the market, potentially leading to increased demand and a price surge. Ju's prediction adds to the growing optimism surrounding Bitcoin's performance in the coming months.