Bitcoin's Potential Q4 Surge.
The historic Q4 performance of Bitcoin is hard to overlook. Interestingly, I’m curious about the market’s direction, which has risen by an average of over 23% in this quarter. With the latest Bitcoin Report, we seem to be heading toward another strong growth phase, and it looks very promising based on the signs.
Data-driven, not just a feeling.
I’ve seen Bitcoin break key resistance levels, and when combined with new momentum in the derivatives market, something big seems to be happening.
What really stood out to me is the demand from institutions.
U.S. Bitcoin ETFs bought nearly 18,000 Bitcoins last month, which is huge considering only 13,500 new Bitcoins were mined. This kind of buying shows more than just interest, it shows strong confidence from institutions. I’ve always thought that when big players make moves, it’s not by chance. It’s because they see something others might miss. Don’t underestimate this new wave of institutional buying. I used to think Bitcoin was a niche investment, it’s something else entirely to see it become a key asset for major financial players.
Additionally, mining is becoming more profitable.
This is a very positive Sign for the ecosystem, and it might mean that miners are holding onto their rewards, waiting for higher prices. Of course, there’s a chance that everything, including rate cuts, could come together from a broader economic view. Looking ahead to the coming months, I really believe we might see Bitcoin reach new highs. But anyways, I cannot end this blog by letting you know that these are ALL not financial advice, just my arguable opinions.
Posted Using InLeo Alpha