Claim BonusWill Bitcoin Price Repeat Its Q4 Rally Pattern After a Bullish September?
Highlights
- Years like 2021, 2020, and 2017 showed Bitcoin posting substantial gains of 40% or more in Q4 after positive September closes.
- Bitcoin price is 3.85% away from challenging a bullish breakout from seven months of resistance.
- Bitcoin ETFs saw $1.1 billion in net inflows last week, highlighting strong institutional demand.
Bitcoin price shows a modest loss of 0.13% during Sunday trading, currently trading at $65789. If the monthly candle closes around the aforementioned value, September 2024 would record around 15% growth. The historical shows this recovery trend in this month is rare, but if happening it signals the potential growth in Q4.
Is Bitcoin Price Poised to Repeat Its Q4 Rally After a September Upswing
According to the Coinglass data, the Bitcoin price trades at $65818 while the market cap holds at $1.3 Trillion. If the monthly candle closes around $65800, September 2024 would record an 11.5%-15% growth.
Since 2013, Bitcoin has experienced a September positive trend only thrice scenarios, each acting as a precursor of the significant rally to 2024. If history is an indicator, the BTC price could witness a prolonged recovery in Quarter 4, potentially pushing the asset past All time high of $73,750.
ETFs are heating up in the cryptocurrency market, with spot Bitcoin ETFs witnessing substantial inflows last week. On Friday alone, Bitcoin recorded a remarkable $494.4 million in net inflows, according to Sosolvaue data.
Over the weeks, the spot Bitcoin ETFs witnessed a weekly inflow of +$1.1B, indicating growing institutional interest. Moreover, the spot ETH ETH recorded a $85 million weekly info. This inflow is a positive sign for the market, potentially indicating rising confidence in digital assets.
BTC Eyes 25% Rally as Bull Flag Pattern Signals Breakout
This week, the Bitcoin price prediction recorded a substantial jump from $60800 to $65910, registering a 5% This upswing assisted the price to extend V-shaped in the daily chart, reflecting a sudden flip in market sentiment.
With sustained buying, the BTC price surged 3% before challenging the resistance trendline of a bull-flag pattern. Theoretically, the chart setup drives a temporary counter-trend move before providing a deceive breakout.
An upside breakout will accelerate the bullish momentum and drive a rally to $85000, accounting for 25% potential growth.
On a contrary note, if the overhead supply from the resistance trendline persists, the Bitcoin price could spark another reversal.
Frequently Asked Questions (FAQs)
1. How much institutional interest has Bitcoin seen recently?
2. Bitcoin on track for another Q4 rally in 2024 after a strong September?
3. What is the potential impact of a bull-flag breakout on Bitcoin's price?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
Related Articles
- Fed Independence at Risk? Lummis and Hassett Discuss Powell Probe Amid Extravagant Spending Claims
- Gold Surges to All-Time High of $4,600 As Chaos Erupts in Iran- Will BTC Follow Soon?
- Breaking: Tom Lee’s BitMine Adds 24,266 Ethereum Ahead of BMNR Vote Deadline
- Trump vs. Powell: Crypto Traders Bet Against Fed Chair’s Indictment Despite DOJ Probe
- Breaking: Michael Saylor’s Strategy Acquires 13,627 Bitcoin Ahead Of CLARITY Act Markup
- Solana Price Targets $200 as WisdomTree Declares Its Dominance Structural
- Bitcoin Price Prediction Amid DOJ Probe as Powell Indictment Fears Cool
- Why is Monero (XMR) Price Up Today?
- Binance Coin Price Target $1,000 as CZ Signals Incoming Crypto Super Cycle
- Bitcoin and XRP Price Prediction Ahead of Supreme Court Tariffs Ruling on Jan 14, 2026
- Crypto Price Prediction Ahead of US CPI Inflation Data- ETH, ADA, Pi Coin
