The Bitcoin Report: Bullish Momentum for Q4 2024

9 de octubre de 2024

Author: Bitcoin Magazine Pro Team


Expert Commentary and Insights

Featuring exclusive insights from leading industry figures like Lyn AldenThe Rational Root, and Philip Swift, this edition of The Bitcoin Report is indispensable for investors and enthusiasts looking to understand the broader market context.
 

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Key Highlights from the Report:

  • Historical Q4 Performance: Bitcoin's average Q4 return stands at 23.3%, underscoring a strong seasonal bullish trend.

  • Breaking Significant Resistance: Bitcoin has recently broken key resistance levels, indicating the possibility of a parabolic growth phase.

  • Derivatives Market Momentum: Rising open interest and reduced leverage suggest a renewed positive outlook in the derivatives market.

  • Mining Profitability Recovery: With hash price reaching a two-month high, Bitcoin mining profitability has seen significant improvements.

  • Institutional Accumulation: In September, Bitcoin ETFs purchased 17,941 BTC—32.9% more than the 13,500 newly mined—highlighting growing institutional demand.
     

Share, Discuss, and Engage

Whether you’re managing a portfolio, seeking long-term Bitcoin exposure, or staying ahead of trends, The Bitcoin Report equips you with the knowledge you need. Feel free to share this report, take screenshots, and join the discussion on social media using #TheBitcoinReport. Your feedback will help us make future editions even more impactful.
 

Opportunities for Sponsorship and Collaboration

Interested in sponsoring future editions or exploring joint-publication opportunities? Partner with us to gain exposure in the rapidly growing Bitcoin space. Reach out to Mark Mason at [email protected] to learn more.

 

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