The post Bitcoin to $120K? Q4 2024 Bull Run and Key Market Catalysts appeared on BitcoinEthereumNews.com.

Q4 has been historically very bullish for Bitcoin and all signs are pointing to 2024 heading to the same direction. Crypto analysts are speculating that 2024 Q4 could be the parabolic move towards $120,000 and also one of the biggest runs of Bitcoin yet. Considering historical trends and major market catalysts that are perfectly aligned. Let’s dive into why Bitcoin could see a crazy surge in Q4, focusing on historical data and important drivers of the said optimism.   Founder of Wealth Mastery and popular crypto influencer Lark Davis explained the possibility of this with 2 graphs in a post on X.   Bitcoin could make a parabolic move soon. Here’s why: Historically, the average return for Bitcoin in Q4 is 88%. If we see an 88% gain in Q4, it would take Bitcoin close to $120,000. Even if we get a 55% move upward (like we saw last year), it could take Bitcoin to $100,000.… pic.twitter.com/oVYMAntGA3 — Lark Davis (@TheCryptoLark) September 24, 2024 Historically, Bitcoin returns tend to be very good when the quarter ends, averaging 88%. Amid rising expectations of a parabolic move, several catalysts will fuel these expectations: Bitcoin ETFs, rate cuts, elections, and FTX’s $16B cash repayments this quarter end. Let’s have a closer look at the two main charts that are fueling the bullish sentiment. Projecting a Massive 88% Move in Q4 Bitcoin Price Chart The first chart shows that up until now, the possibility of a significant price surge for Bitcoin stands at about 88% in Q4 of 2024. As of today, this price stands about $63,500; if Bitcoin continues producing its historical Q4 trend, then we should see an up move bringing Bitcoin up to about $119,575. The chart even reflects a probable 98-day period when Bitcoin’s price might surpass more than $56,000.…

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Filed under: News - @ September 25, 2024 12:20 pm