Matrixport Predicts Bitcoin to Achieve 40% Return in Q4 Amid Historical Trends

Quick Summary:

Matrixport Predicts Bitcoin to Achieve 40% Return in Q4 Amid Historical Trends Matrixport, a prominent crypto service provider, has released a new weekly report that points to a potentially significant rally for Bitcoin (BTC) in the upcoming fourth quarter (Q4) of 2024.

Macroeconomic Trends: Matrixport’s report also points to broader macroeconomic factors, such as the Federal Reserve’s recent rate cuts, which could drive capital flows into Bitcoin as investors seek alternative stores of value.

With BTC’s consolidation phase seemingly nearing its end, a bullish reversal could be on the horizon, driven by factors such as institutional investment, macroeconomic trends, and growing adoption.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Matrixport

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 09:41:35 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 949 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22749253

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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