🔔 Attention, crypto enthusiasts!

Bitcoin (BTC) typically shines in the fourth quarter of bull cycle years, especially after halving events. However, according to a report by CryptoQuant, apparent demand for BTC is still sluggish and needs to grow faster to drive and sustain price increases in Q4.

📈 Historically, BTC has seen significant increases in halving years: 9% in 2012, 59% in 2016, and 171% in 2020. This year, BTC is showing similar patterns to 2016 and 2020, suggesting a potential rally in the coming months.

💡 For BTC to remain in a bullish phase, demand must increase. US spot Bitcoin ETFs are already showing signs of increased demand, with net purchases of 7,000 BTC by the end of September.

🔮 On-chain data suggests BTC could reach between $85,000 and $100,000 in Q4. What do you think? Leave us your comments!