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    Author Topic: The Bitcoin Report: Parabolic Growth Predicted for Q4 2024  (Read 292 times)
    NibiruHybrid (OP)
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    October 09, 2024, 05:32:13 PM
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    21-page report featuring exclusive commentary and insights from leading industry figures like Lyn Alden, The Rational Root, and Julian Liniger, this second monthly edition of The Bitcoin Report is a must-read for both investors and enthusiasts.



    As we enter Q4, a period historically known for strong Bitcoin performance, the latest edition of The Bitcoin Report from Bitcoin Magazine Pro delivers essential insights into the evolving market dynamics of Bitcoin. With a blend of quantitative on-chain data, technical analysis, and macroeconomic perspectives, this report offers a comprehensive look at Bitcoin’s positioning, highlighting critical opportunities and challenges for both investors and market participants.


    Key Highlights from the Report:

    Historical Q4 Performance: Bitcoin has averaged a 23.3% return in Q4, showing a strong seasonal trend toward bullish performance.
    Breaking Significant Resistance: Recent technical analysis points to Bitcoin breaking through key resistance levels, potentially setting the stage for parabolic growth.
    Derivatives Market Momentum: The derivatives market shows renewed momentum, with rising open interest and reduced leverage across major exchanges.
    Mining Profitability Recovery: Mining profitability has rebounded, with hash price reaching a two-month high, signaling a strengthening of Bitcoin's underlying fundamentals.
    Institutional Accumulation: In September, U.S. Bitcoin ETFs purchased 17,941 Bitcoins—32.9% more than the 13,500 new Bitcoins mined during the same period, indicating significant institutional demand.


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