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Why is the Bitcoin Price Falling? Will it Form a new ATH in Q4 2024?

  • The Bitcoin price is plunging after failing to hold the resistance at $65,500, indicating a probable bearish close for the month.
  • Despite the current bearish influence, the positive trajectory for Bitcoin remains unchanged as it is expected to enter Q4 on a bullish note.
  • The pullback in price may hinder the progress of the rally, but market conditions suggest a wider price action could follow in the mid of Q4.
  • Bitcoin ETF-netflow, short-term holders back in profit, future market heating up, and spot ETH holdings transforming into long-term holders are indicators pointing towards a potential BTC rally and a new ATH above $75,000.

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