Is Bitcoin (BTC) Bull Run Stalling? CryptoQuant CEO Expects A Rebound In Q4

Quick Summary:

Bitcoin is currently facing a critical test, having retraced over 19% from local highs and holding above a key demand level around $54,000 that supports the market structure.

This level represents the last line of defense for BTC, and if it breaks, a deeper correction could be in play.

Additionally, he has made a prediction for Bitcoin’s performance in the final months of the year, outlining what investors should watch for as market conditions evolve.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin Bitcoin Bull Run Btcusd Bitcoin price Bitcoin demand Bitcoin technical analysis Bitcoin Btc Bitcoin (BTC)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-08 @ 13:00:56 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 55 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22410481

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 16 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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