Bitcoin Still Stuck in Consolidation, Is it Going to Explode in Q4

Bitcoin is still stuck around $6,600, however, a breakout is coming soon. But it’s direction is unknown. Would this year see the same explosion in price as last year? 
Published by
Bitcoin Still Stuck in Consolidation, Is it Going to Explode in Q4

Bitcoin is still stuck around $6,600, however, a breakout is coming soon. But it’s direction is unknown. Would this year see the same explosion in price as last year?

Advertisement

Bitcoin breakout coming soon but direction unknown

For the last few days, Bitcoin remains to be ineffective as it shows meager movement at around $6,600. At the time of writing, Bitcoin has been sitting at $6,571 while being slightly in the red. Today’s price range has been between $6,564 and $6,644.

BTC 1-day price chart, Source: TradingView

The world’s leading cryptocurrency is stuck around $6,600, however, the price is showing signs of breakout that can take place soon. But the point worth noting here is that the technical indicators are still giving mixed signals, so it is hard to determine in which direction prices would move.

One of the most concerning factors right now is lack of volume as Bitcoin is still managing the daily trading volume of $3.9 billion for quite some time now.

Also, read: US Regulators in Splits over the Future of Cryptocurrency as CFTC Chief States “Crypto are here to stay”

Will this year end with a surge?

For now, Bitcoin is showing steady but increased growth trend. However, this can certainly change the track as q4 has a history of taking Bitcoin prices upward. Though there have been a lot of positive developments and news in the market, investors seem to be looking for more catalysts to actively jump in.

No one knows for sure, but given the fact that Bitcoin has seen volatile months followed by a rise during the last quarter in the past it is a possibility as shared by the trader Josh Olszewicz on Twitter:

 

With ICE’s Bakkt coming next month and launching physically delivered bitcoin futures contracts, the rally just might start soon. However, given the way the Bitcoin futures by CME are being seen as affecting the price of Bitcoin as investors get to short or long on Bitcoin, we might also get to see new lows in the future.

Currently, Bitcoin is trading in a bear market despite the positive and bullish scenario talked by charts and experts. So, if Bitcoin does take a hit and drops low, this will bring in an influx of buyers driven by FOMO. These investors who missed out on Bitcoin before and are now looking to buy it cheaper will bring their funds into the market.

It might not be sure as to in which direction bitcoin might go, but it seems like the stability at about $6,000 will finally get moved.

Advertisement
Share
Achal Arya

Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

$7B Virtu Financial Holds $63M XRP as Whales Accelerate $260M Sell-Off

Virtu Financial, a $7 billion Wall Street firm, has revealed $63 million in XRP holdings.…

November 1, 2025
  • News

Breaking: Coinbase Nears $2B Deal to Buy Stablecoin Platform BVNK

Coinbase is reportedly closing in on a $2 billion acquisition of stablecoin infrastructure startup BVNK.…

November 1, 2025
  • News

Coinbase CLO Fires Back at Senator Murphy Over ‘Corruption Factory’ Claim

Coinbase’s Chief Legal Officer, Paul Grewal, has publicly criticized U.S. Senator Chris Murphy. The lawmaker…

November 1, 2025
  • News

Crypto Prices Rise: Why Are BTC, ETH, LTC, XRP, SHIB, and ADA Up Today?

Major crypto prices saw solid gains after a week of downturns. Bitcoin, Ethereum, Litecoin, XRP,…

November 1, 2025
  • News

Michael Saylor’s Strategy Eyes S&P 500 Spot Amid Bitcoin-Backed Credit Products Launch

Michael Saylor’s Strategy is setting its sights on the S&P 500 as it pushes forward…

October 31, 2025
  • News

Bitcoin White Paper Turns 17 Today as Satoshi’s $120B Fortune Climbs $2.8 Billion

Seventeen years ago today, Satoshi Nakamoto emailed a nine-page document that changed the world. It…

October 31, 2025