My prediction of BTC price range this Q4 is as follows.
I think the uptrend still exists. It will likely last until the end of this year. When it touches $100k, I guess BTC(Bitcoin) will consolidate for 3~6 months. The consolidation will make retail speculators leave the market. That would be a final shake out.
Nevertheless, I'm not sure whether Altseason 3.0 will happen this year. I just look forward to a small altseason.. even if a small altseason occurs this Q4, I'll be satisfied with it.
Let's take a look at the actual data of the 🇺🇸 PMI(Purchasing Managers Index). It's less than the Cons(Consensus). Nevertheless, the trend is still upward. I think the macro cycle enters the final step, and it will end within a couple of years.
Thank you for sharing your insights on Bitcoin's potential price range this Q4! I'm curious about what trends or indicators led you to these predictions. How do you see market psychology playing a role in this quarter? gd
I'm also curious to know how he came up with the prediction, analysis and insights