Bitcoin Price in Q4 2024 is Predicted to Strengthen

Bittime - Matrixport released a weekly report stating that Bitcoin is expected to experience positive performance in Q4 this year. Read this article to find out the full news!

Weakening Bitcoin Price Momentum

Matrixport highlighting that Bitcoin's price momentum has recently weakened. This sluggish crypto market is expected to continue, at least for the next few weeks. 

From a technical analysis point of view, Bitcoin's trading range is narrowing, which indicates that Bitcoin may soon break out of the consolidation period. This means that even though Bitcoin is currently in a relatively stagnant phase, there is great potential for significant price movement in the near future.

Bitcoin Price Movement

One of the main factors that can influence Bitcoin prices is expectations regarding the interest rate policy of the United States Federal Reserve (The Fed). The Chair of the Fed, Jerome Powell, stated that if inflation falls, it is possible that the Fed will decide to lower interest rates in September. 

Currently, the benchmark interest rate is at 5.25%, while the inflation rate is at 3.0%. A significant drop in interest rates in the next 12 months could provide liquidity and stimulus for risk assets like Bitcoin. 

This additional liquidity has the potential to push Bitcoin prices higher. Investors may see it as an opportunity to gain profits in this volatile digital asset market.

Bitcoin Price in Q4 and the Impact of the US Election

Matrixport also noted that August is usually a stable period for Bitcoin. However, September may present a weaker period, mainly due to low trading volumes during the summer holidays and the “wait and see” attitude of the market towards autumn economic indicators and central bank policies.

Additionally, the results of the upcoming US presidential election could also impact the crypto market. If Donald Trump wins the election, Matrixport indicated that Trump might adopt more favorable regulatory policies towards crypto assets.  

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.