Buzzing with anticipation as experts predict a promising fourth quarter for Bitcoin and Ethereum, two of the most influential assets in the market. A recent analysis by the well-regarded expert, Ether Nasyonal, has provided intriguing insights into what we might expect in the coming months, particularly concerning a potential Bitcoin bull run.
Bitcoin’s Historical Bull Cycles
In a recent post shared on X, Nasyonal underscores the cyclical nature of Bitcoin’s price movements. Specifically, he points out that historical data suggests a significant bull run tends to emerge approximately 670 days after the market reaches a major bottom in its cycle. According to his analysis, this timing aligns with the characteristic bullish pattern observed in Q4.
“The #Bitcoin mega bull process started at the end of 670 days, starting from the major bottom point of each cycle. $BTC Mega bull process usually starts in Q4!”
— EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 📈 (@EtherNasyonaL)
Why Q4 Holds Importance for Bitcoin
A closer look at Bitcoin’s quarterly return trends reveals that Q4 has historically been a period of growth for the cryptocurrency. Since 2011, there have only been five instances where returns have dipped into the negative territory during this quarter, whereas Q3 has seen eight such occurrences. The previous Q4 brought an impressive return of +56.6%, and in 2020, Bitcoin surged with a staggering +169.7% return, marking one of its most successful quarters since 2018. Nasyonal’s current predictions align with this historical context, as he expresses a strong belief in significant gains for Bitcoin this upcoming Q4.
Bitcoin Market Landscape: A Detailed Overview
Analyzing Bitcoin’s current market position, the cryptocurrency is priced around $58,528. This figure indicates a notable decline from its peak in mid-March. At the beginning of the month, Bitcoin was trading at $58,963, but it experienced a drop to a low of $53,948 on September 6. Following this dip, a series of six to seven bullish candlesticks propelled the price up to a monthly high of $60,506 by September 13. Unfortunately, this momentum was not sustainable, leading to a decline; however, Bitcoin now appears to be reattempting an upward trajectory.
In conclusion, Ether Nasyonal’s insights instill a sense of hope among Bitcoin enthusiasts. His analysis not only draws on current market behavior but also echoes longstanding historical trends that have shaped the cryptocurrency’s reputation. The cryptocurrency community is left watching closely—will Bitcoin rise to the occasion and deliver the anticipated comeback this Q4? The anticipation builds as investors and enthusiasts alike await what the market has in store.
Also check out: Ethereum-to-Bitcoin Ratio Reaches Three-Year Low: What to Expect from ETH Price Next
