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Bitcoinist

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Crypto Rally Expected In Q4 2024 With ‘Exceptionally High’ Chances: Analyst

  • Bitcoin's breakout above $65,000 could lead to an exceptionally high chance of a wider crypto rally in Q4 2024.
  • Factors contributing to this potential rally include rising interest in the crypto market, accelerated stablecoin minting, declining Bitcoin dominance, and encouraging cryptocurrency trends in South Korea and China.
  • Stablecoin inflows have reached $35 billion year-to-date, signaling increased allocation from larger market players.
  • The report forecasts Bitcoin's next target at $70,000 within two weeks, with a potential new all-time high by late October.

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