CDS Crypto News Bitcoin Price Set for Q4 Comeback: Analysts Highlight Institutional Interest and Market Indicators
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Bitcoin Price Set for Q4 Comeback: Analysts Highlight Institutional Interest and Market Indicators

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Bitcoin Price Set For Q4 Comeback Analysts Highlight Institutional Interest And Market Indicators

Bitcoin Price Set for Q4: The Price to Hit $72K? Analysts Predict Strong Q4 Performance Driven by Macro Trends

Bitcoin Price Set For Q4: The Price To Hit $72K? Analysts Predict Strong Q4 Performance Driven By Macro Trends

Some analysts forecast that institutional adoption and macroeconomic reasons will fuel further price growth for Bitcoin and the cryptocurrency sector as the fourth quarter of 2024 draws near.

Amid macro shifts and institutional adoption, digital assets are poised for continued growth in Q4, as sovereign balance sheets face pressure, investors will seek long-term hedges like bitcoin,

CF Benchmarks Lead Research Analyst Gabriel Selby

About Bitcoin‘s trajectory going into the last quarter, chief analyst Ryan Lee of Bitget Research is equally optimistic.

The expected performance of bitcoin in October is anticipated to surpass that of September, with a target price range of $58,000 to $72,000,

Lee

In addition to the Fear & Greed Index continuing to hover in the extreme fear zone, Lee cited a number of strong indicators from the derivatives market, such as the repeated occurrence of negative funding rates in Bitcoin futures throughout September. According to him, these elements frequently come before notable recoveries in the past.

Post-Election US Regulations Expected to Drive Crypto Growth, Selby Predicts

Selby made the observation that, in the wake of November 5’s presidential election, the US regulatory environment may undergo substantial change, which would foster an environment that is conducive to cryptocurrency innovation. He claims that current events are boosting capital formation and investor confidence. Particularly on the Ethereum network, Selby anticipated many changes that would accelerate the adoption of cryptocurrencies.

Layer 2 scaling solutions are rising to meet the growing demand for Ethereum block space, while traditional financial institutions explore the tokenization of real-world assets on Ethereum. The emergence of generative artificial intelligence and the accompanying demand for GPU computing power stand to benefit decentralized physical infrastructure networks (DePINs), which democratize access to high-quality computing resources.

Selby

For more up-to-date crypto news, you can follow Crypto Data Space.

Bitcoin Price Set For Q4 Comeback: Analysts Highlight Institutional Interest And Market Indicators
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Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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