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Axelo Nguyen
@axelo
The Bitcoin (BTC) price trend for Q4 2024 is expected to be influenced by various factors, including historical post-halving market patterns and current technical indicators. Previous cycles show that Bitcoin often experiences significant growth in the final quarter of the year, with many optimistic investors anticipating BTC could reach high price levels, potentially even hitting the $100,000 mark if favorable market conditions persist. One notable point is the inverse "head and shoulders" pattern on BTC’s chart, which suggests a potential breakout in price during this quarter. Recent data from CryptoQuant further highlights that post-halving events often attract substantial capital inflows from institutional investors, which may propel Bitcoin’s price upward.
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