Trader Reveals How Opportunities To Increase Bitcoin Prices In Q4 This Year

Illustration of Bitcoin (photo: Unsplash)

JAKARTA - Different from the previous cycle, the increase in Bitcoin prices in 2024 to an all-time high actually occurred before the halling event. And post-having, the price of Bitcoin has not managed to surpass that high point.

In fact, the price of Bitcoin has fallen 13 percent in the past month. This of course sparked debate among market participants about the possibility of a rally in the fourth quarter of 2024.

Tokocrypto trader, Fyqieh Fachrur, sees that although the current market cycle may take longer than the previous cycle, the potential for Bitcoin to reach a new record high remains very open. He is optimistic this will happen in the near future.

However, Fyqieh stressed that investors must remain vigilant and ready to take chances, as market dynamics can change rapidly and bring Bitcoin to new, higher levels.

"If history becomes a guide, it is 73 percent likely that Bitcoin will strengthen in the fourth quarter of 2024," he explained.

Furthermore, Fyqieh also analyzed previous halling cycles and found that bullish rallies usually start in Q4, and the price of Bitcoin is currently in the accumulated phase, which suggests a potential increase after entering the last quarter of 2024.

However, Fyqieh notes that potential rallys in Q4 are very likely to occur, but will rely heavily on how markets react to various macroeconomic factors, including global monetary policy and investor sentiment towards digital assets.