{"id":462064,"date":"2024-09-23T17:31:08","date_gmt":"2024-09-23T17:31:08","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=857317"},"modified":"2024-09-23T17:31:08","modified_gmt":"2024-09-23T17:31:08","slug":"bitcoin-price-gearing-for-a-mega-rally-to-172000-in-q4-2024","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2024\/09\/23\/bitcoin-price-gearing-for-a-mega-rally-to-172000-in-q4-2024\/","title":{"rendered":"Bitcoin Price Gearing For A Mega Rally to $172,000 in Q4 2024"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-03-06.37.43-An-illustration-depicting-the-topic-Analyst-Predicts-Bitcoin-May-Hit-Lows-This-Month-Before-Q4-Rally.-The-scene-shows-a-Bitcoin-symbol-in-the-center.webp\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><strong>Key factors supporting this bullish outlook include increased institutional accumulation of Bitcoin and a potential $16 billion liquidity influx from FTX\u2019s creditor distributions.<\/strong><\/li>\n<li><strong>Analysts predict a potential 171% increase in Q4 2024, driven by favorable conditions such as the recent interest rate cut by the Fed.<\/strong><\/li>\n<\/ul>\n<hr>\n<p class=\"p1\">The Bitcoin (BTC) price has significantly recovered over the past week, climbing nearly 8% to $63,400. This recent upward movement suggests that crypto bull sentiment is strengthening, potentially leading to a further rally.<\/p>\n<p class=\"p1\">Hence, market experts are speculating that Bitcoin could see a remarkable 171% surge in the fourth quarter of 2024, considering past performance in the halving year.<\/p>\n<h3 class=\"p1\">Key Factors For Bitcoin Price Rally In Q4<\/h3>\n<p class=\"p1\">One of the primary catalysts for this optimism is the recent 50 basis point interest rate cut by the U.S. Federal Reserve. This move has injected liquidity into the financial system, providing a favorable environment for risk-on assets like Bitcoin. Historically, Bitcoin has thrived during periods of monetary easing.<\/p>\n<p class=\"p1\">Moreover, the Bank of America (BofA) expects a 0.75% Fed rate cut in the fourth quarter, which could trigger further BTC price appreciation. Additionally, Bitcoin\u2019s recent Halving event has set the stage for potential long-term price growth.<\/p>\n<p class=\"p1\">Since the halving, the flagship crypto has been trading in a consolidation range between $50,000 and $70,000. However, with the Fed\u2019s liquidity boost, analysts are predicting that Bitcoin could break out of this range and enter a new rally phase. Financial giants like BlackRock also see Bitcoin as a hedge to US debt, <a href=\"https:\/\/www.crypto-news-flash.com\/blackrock-prepares-for-35-trillion-fed-crisis-predicts-bitcoin-price-boom\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> CNF.<\/p>\n<p class=\"p1\">In previous halving cycles, BTC has experienced notable gains, including a 61% increase during Q4 2016 and a 171% rise in Q4 2020. According to analyst Ali Martinez, if the crypto follows this historical pattern, its price could surge to between $100,000 and $172,000 by the end of the year.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> gained +61% in Q4 of 2016 and +171% in 2020. Interestingly, 2024\u2019s price action so far mirrors both years\u2014could history be repeating itself? <a href=\"https:\/\/t.co\/M6KxT0unE0\">pic.twitter.com\/M6KxT0unE0<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1838062986885513680?ref_src=twsrc%5Etfw\">September 23, 2024<\/a><\/p>\n<\/blockquote>\n<p class=\"p1\">Moreover, on-chain data supports this bullish outlook. Over the past few weeks, key metrics have improved, and large institutional players are continuing to accumulate Bitcoin.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p class=\"p1\">For instance, MicroStrategy, one of the largest corporate holders of Bitcoin, recently purchased an additional $458.2 million worth of BTC, <a href=\"https:\/\/www.crypto-news-flash.com\/massive-7420-btc-purchase-microstrategys-bitcoin-bet-gets-bigger\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> CNF. Furthermore, BTC could rally higher with increased stablecoin issuance and rising leverage in the futures market.<\/p>\n<p class=\"p1\">According to a recent report by 10X Research, these factors point to a higher likelihood of BTC breaking out to the upside as we head into the fourth quarter. However, for such an upsurge, Bitcoin price will need to surpass the critical $65,000 resistance level.<\/p>\n<h3 class=\"p1\">FTX Distribution &amp; ETF Performance<\/h3>\n<p class=\"p1\">The CNF report reports that the bankrupt crypto exchange FTX\u2019s upcoming distribution of $16 billion to creditors could fuel a rally. Many believe that a significant portion of this liquidity will flow back into Bitcoin and the broader crypto market, further fueling a BTC price surge.<\/p>\n<p class=\"p1\">Additionally, the U.S. spot Bitcoin ETF market has also seen increased interest. These products registered inflows of $397 million last week alone, led by Fidelity\u2019s FBTC ETF. Also, prominent investors like Robert Kiyosaki and Anthony Scaramucci believe that BTC will break the $100,000 before this year concludes.<\/p>\n<p class=\"p1\">Moreover, as BTC regained momentum, analysts are now optimistic about the onset of the altseason in the coming weeks. Ethereum\u2019s price showed remarkable 16% gains last week.<\/p>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state>\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key factors supporting this bullish outlook include increased institutional accumulation of Bitcoin and a potential $16 billion liquidity influx from FTX\u2019s creditor distributions. Analysts predict a potential 171% increase in Q4 2024, driven by favorable conditions such as the recent interest rate cut by the Fed. The Bitcoin (BTC) price has significantly recovered over the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":462065,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1874,2549,2576,482,292,25],"class_list":{"0":"post-462064","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-bitcoin-btc","9":"tag-bitcoin-price-rally","10":"tag-bitcoin-price-surge","11":"tag-btc-price","12":"tag-microstrategy","13":"tag-news"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=462064"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/462065"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=462064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=462064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=462064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}