Bitcoin May Surge in Q4, Analyst Predicts Strong Finish for 2024

Jamie Coutts from Real Vision, a well-known crypto analyst, suggests that Bitcoin could see significant gains by the end of the year as market conditions improve.

In a recent update, Coutts notes that increasing liquidity could set the stage for a strong Q4 performance, a period historically favorable for the leading cryptocurrency.

He acknowledges that September has traditionally been a challenging month for Bitcoin, but anticipates a rebound in the final quarter, barring any major geopolitical disruptions. At present, Bitcoin is trading at $56,087, reflecting a 3% decline in the past 24 hours.

Coutts also believes that altcoins might experience a surge before the current market cycle concludes. Despite recent declines, he sees potential for recovery in altcoins, especially if liquidity continues to improve in Q4 and into the next year.

READ MORE:

U.S. Bitcoin ETFs Continue Outflows, Losing $211 Million

He points out that only a few altcoins are currently outperforming Bitcoin, but a shift in momentum could change that in the coming months.

Alexander Stefanov