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Is Q4 2024 the Start of a New Crypto Market Bull Run? Analyst Insight
- Crypto analyst Miles Deutscher believes that Q4 of 2024 could ignite a bull run in crypto markets fueled by macroeconomic and cryptocurrency dynamics.
- Historically, the fourth quarter has been the strongest for both equities and crypto. BTC has returned an average of +88.84% during Q4, with notably impressive performances during past halving years.
- Crypto analyst Miles Deutscher believes that Q4 of 2024 could ignite a bull run in crypto markets fueled by macroeconomic and cryptocurrency dynamics.
- Deutscher predicts that a Trump presidency might be especially beneficial to the cryptocurrency industry, while a victory for Kamala Harris may provide regulatory issues.
- The most recent Consumer Price Index (CPI) measurement was the lowest since February 2021, indicating that inflation is being kept under control. Deutscher believes that Federal Reserve rate decreases may lead to lower interest rates and may benefit risky assets such as shares and crypto.
- Global liquidity is already expanding and is likely to continue to do so through 2025. This surge in liquidity may bolster Bitcoin’s upward momentum, creating a favorable atmosphere for the market to expand.
- Retail participation in cryptocurrency is currently at an all-time low. According to metrics such as Google Trends and social media activity, 90% of retail investors have left the market. This dynamic provides a chance for more aggressive market expansion.
- FTX's repayment of $16B to creditors could inject liquidity into the market, fueling further growth potential. Many users are expected to put the funds back into the market, increasing liquidity and stoking the possibility of a market turnaround.
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