Bitcoin (BTC) Sees a 4th Quarter Uptrend, But Demand Should Increase
- BTC usually performs well in the 4th quarter of halving years. In 2012, 2016, and 2020, it gained 9%, 59%, and 171%, respectively.
- A similar trend is seen in 2024, but BTC is swinging between bull and bear phases this year.
- Increasing demand is critical for BTC to remain in a bull phase. Spot Bitcoin ETFs could increase demand.
- Analysts predict BTC could reach levels of 85,000$ -100,000$ . 🚀📈