{"id":136646,"date":"2024-09-03T10:00:01","date_gmt":"2024-09-03T07:00:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136646"},"modified":"2024-09-02T23:33:04","modified_gmt":"2024-09-02T20:33:04","slug":"analyst-predicts-bitcoin-to-hit-bottom-this-month-eyes-q4-rally","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-predicts-bitcoin-to-hit-bottom-this-month-eyes-q4-rally\/","title":{"rendered":"Analyst Predicts Bitcoin to Hit Bottom This Month, Eyes Q4 Rally"},"content":{"rendered":"<p>The analyst, known as Rager, believes <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>could soon reach a local low. He emphasizes that while the exact timing of Bitcoin\u2019s lowest point is uncertain, he anticipates a rally for the cryptocurrency in the fourth quarter of this year.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Good news and Bad news<\/p>\n<p>Bad news: <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a> has been breaking down the past two days while stocks are going sideways<\/p>\n<p>When (not if) stocks do pull back in September, it\u2019s likely not gonna be great for crypto \u2013 if Bitcoin can\u2019t bounce<\/p>\n<p>BTC really needs to hold the $60k-$61k<\/p>\n<p>Good\u2026 <a href=\"https:\/\/t.co\/sngxsK9Hup\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/sngxsK9Hup<\/a><\/p>\n<p>\u2014 Rager (@Rager) <a href=\"https:\/\/twitter.com\/Rager\/status\/1828549235286933841?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Rager notes that August and September offer a significant opportunity for Bitcoin to hit its low, but regardless of the precise timing, he expects prices to rise over the next three to six months.<\/p>\n<p>To back his optimistic long-term view, Rager cites historical data showing strong Bitcoin performance in the fourth quarter following its halving years. According to his data, Bitcoin surged nearly 170% in Q4 of 2020 and about 60% in Q4 of 2016.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-miners-face-record-revenue-drop-amid-rising-challenges\/\" title=\"Bitcoin Miners Face Record Revenue Drop Amid Rising Challenges\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/bitcoin-miners-1.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Miners Face Record Revenue Drop Amid Rising Challenges<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Rager believes the groundwork is being laid for another substantial rally in Q4. He adds, \u201cI actually hope sentiment remains as pessimistic as possible before Q4. Historically, major turnarounds often occur after the worst sentiment, excluding bear markets. I see a strong signal when people give up just before improvements start.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Hang in there<\/p>\n<p>Eventually the wind changes direction <a href=\"https:\/\/t.co\/STwOv1fGnq\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/STwOv1fGnq<\/a><\/p>\n<p>\u2014 Rager (@Rager) <a href=\"https:\/\/twitter.com\/Rager\/status\/1829864159103893765?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 31, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known cryptocurrency analyst predicts that Bitcoin (BTC) may be approaching the bottom of its extended correction within this month.<\/p>\n","protected":false},"author":3,"featured_media":26124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-136646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analyst Predicts Bitcoin to Hit Bottom This Month, Eyes Q4 Rally<\/title>\n<meta name=\"description\" content=\"A well-known cryptocurrency analyst predicts that Bitcoin (BTC) may be approaching the bottom of its extended correction within this month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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