Bitcoin Forum
October 09, 2024, 09:22:35 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: The Bitcoin Report: Parabolic Growth Predicted for Q4 2024  (Read 19 times)
NibiruHybrid (OP)
Sr. Member
****
Offline Offline

Activity: 1218
Merit: 260


View Profile
Today at 05:32:13 PM
 #1

21-page report featuring exclusive commentary and insights from leading industry figures like Lyn Alden, The Rational Root, and Julian Liniger, this second monthly edition of The Bitcoin Report is a must-read for both investors and enthusiasts.



As we enter Q4, a period historically known for strong Bitcoin performance, the latest edition of The Bitcoin Report from Bitcoin Magazine Pro delivers essential insights into the evolving market dynamics of Bitcoin. With a blend of quantitative on-chain data, technical analysis, and macroeconomic perspectives, this report offers a comprehensive look at Bitcoin’s positioning, highlighting critical opportunities and challenges for both investors and market participants.


Key Highlights from the Report:

Historical Q4 Performance: Bitcoin has averaged a 23.3% return in Q4, showing a strong seasonal trend toward bullish performance.
Breaking Significant Resistance: Recent technical analysis points to Bitcoin breaking through key resistance levels, potentially setting the stage for parabolic growth.
Derivatives Market Momentum: The derivatives market shows renewed momentum, with rising open interest and reduced leverage across major exchanges.
Mining Profitability Recovery: Mining profitability has rebounded, with hash price reaching a two-month high, signaling a strengthening of Bitcoin's underlying fundamentals.
Institutional Accumulation: In September, U.S. Bitcoin ETFs purchased 17,941 Bitcoins—32.9% more than the 13,500 new Bitcoins mined during the same period, indicating significant institutional demand.


Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!