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Bitcoin Price Gearing For A Mega Rally to $172,000 in Q4 2024

  • Bitcoin price is predicted to have a mega rally to $172,000 in Q4 2024.
  • Key factors supporting this outlook include increased institutional accumulation of Bitcoin and a potential $16 billion liquidity influx from FTX’s creditor distributions.
  • Analysts attribute the bullish sentiment to the recent interest rate cut by the U.S. Federal Reserve, historical trends during halving years, and favorable on-chain data.
  • The potential rally could be fueled by stablecoin issuance, rising leverage in the futures market, and the distribution of $16 billion by FTX to creditors.

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