Is a Bull Market Imminent? Analyst Predicts Bitcoin Rally in “15-20 Days”
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
As Bitcoin finds strength bolstered by the US Federal Reserve’s decision to cut interest rates, one analyst believes we are on the cusp of a bull market.
In a September 19 X post, popular analyst Crypto Rover cited historical post-halving trends as grounds that a “Bitcoin bull market should be starting in 15-20 days” as we approach the end of an accumulation phase.
This sentiment echoed previous comments by CryptoQuant CEO Ki Young Ju, who noted that past post-halving rallies have typically started in the fourth quarter of each halving year.
In the last #Bitcoin halving cycle, the bull rally began in Q4. Whales won't let Q4 be boring with a flat YoY performance. pic.twitter.com/LIWH53OpkD
Young Ju further emphasized that, in his view, “whales won’t let Q4 be boring with a flat YoY performance,” implying that significant market movements are expected as we approach the end of the year.
These combined technical and historical factors have fueled speculation that Q4 2024 could be a pivotal period for Bitcoin, with a six-figure Bitcoin “still in play” as we move toward 2025.
This forecast aligns with what is expected to be a monumental catalyst: the US presidential election, which is expected to bring new all-time highs due to “positive drivers dominating regardless of the election outcome.”
The elected candidate is expected to bring a departure from the widely critiqued Biden administration’s approach to regulating cryptocurrency, creating a more favorable environment for the asset class.
Former President Donald Trump has been vocal about making the
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