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.
He points out that only a few altcoins are currently outperforming Bitcoin, but a shift in momentum could change that in the coming months.
According to data shared by Wu Blockchain, over $5.8 billion in crypto options expired today, with Ethereum leading the action.
A new report from the International Monetary Fund (IMF) suggests that El Salvador’s recent Bitcoin accumulation may not stem from ongoing purchases, but rather from a reshuffling of assets across government-controlled wallets.
Traders are rapidly shifting their focus to Ethereum and altcoins after Bitcoin’s recent all-time high triggered widespread retail FOMO.
BSTR Holdings Inc. is set to become the fourth-largest public holder of Bitcoin, announcing it will launch with 30,021 BTC on its balance sheet as part of its public debut.