CryptoMediaClub
Sunday, July 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Bitcoin’s Q4 rally uncertain amid weak demand signals – CryptoQuant

03.10.2024
A A
0
127
VIEWS
ShareShare

Bitcoin (BTC) has entered its historically favorable fourth-quarter period, but the potential for a strong rally remains uncertain due to weak demand growth, according to an Oct. 2 CryptoQuant report.

The report noted that while Bitcoin typically performs well during the fourth quarter in halving years, the lack of significant demand recovery may hinder its ability to reach projected price targets of $85,000 to $100,000.

Since July, Bitcoin’s demand has stagnated, fluctuating between -23,000 and +69,000 Bitcoin monthly. This stands in stark contrast to the surge in April when demand increased by 496,000 Bitcoin, propelling prices to nearly $70,000.

The current flat demand poses a risk for Bitcoin’s fourth-quarter performance, despite its historically positive seasonality during halving years like 2016 and 2020, when prices rose by 59% and 171%, respectively.

Mixed signals

The recent activity in US-based spot exchange-traded funds (ETFs) offers some hope for renewed demand despite providing mixed signals over the last few months.

On Sept. 26, spot ETFs net purchased 7,000 Bitcoin, reversing their earlier net selling of 5,000 Bitcoin on Sept. 2. This marked the largest daily purchase since July, though it remains below the first-quarter average, when ETFs bought 9,000 Bitcoin daily, driving prices higher.

If ETF demand continues to increase, it could provide a much-needed boost to Bitcoin prices in the coming months. However, current levels suggest that demand still has room for improvement.

Meanwhile, CryptoQuant’s “Total Supply by Age” data indicates that Bitcoin’s short-term supply has followed patterns similar to those seen in previous halving cycles. In both 2016 and 2020, short-term supply decreased as demand paused after the halving but spiked again later in the cycle as new buyers acquired Bitcoin from long-term holders.

The report suggested that if demand picks up, short-term supply could increase sharply in the fourth quarter, further supporting a price rally.

Demand recovery is crucial

While Bitcoin’s bull-bear cycle indicator shows the flagship crypto entering the first quarter in a bull phase, the momentum is weaker compared to previous halving years.

In 2020, Bitcoin was in a clear bull phase that resulted in a 171% price gain by year-end. This year, however, Bitcoin has been hovering between bull and bear phases since August, signaling less certainty in market direction.

On-chain valuation metrics point to price resistance between $85,000 and $100,000, levels where short-term traders typically take profits after a rally. These price bands acted as resistance earlier this year when Bitcoin reached its all-time high of $73,600 in March.

According to CryptoQuant, Bitcoin could push toward these levels if demand resumes, but without a significant uptick in buying pressure, the rally may fall short of these ambitious targets.

The post Bitcoin’s Q4 rally uncertain amid weak demand signals – CryptoQuant appeared first on CryptoSlate.

Share10Tweet6ShareSharePin2

Related Posts

Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics
Analysis

Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics

25.07.2025
0

Bitcoin’s long-standing four-year cycle, once a dominant framework for predicting price movements, is beginning to lose its influence, according to...

Read moreDetails
Bitcoin price could retest $110k amid market cooling, analyst warns

Bitcoin price could retest $110k amid market cooling, analyst warns

25.07.2025
Ancient whale sells $1.7 billion Bitcoin via Galaxy as price dips to $115k

Ancient whale sells $1.7 billion Bitcoin via Galaxy as price dips to $115k

25.07.2025
MEXC finds that 67% of Gen Z crypto traders use AI tools, resulting in fewer panic sells

MEXC finds that 67% of Gen Z crypto traders use AI tools, resulting in fewer panic sells

25.07.2025
Lido faces three-year low in Ethereum staking market amid stETH depeg turmoil

Lido faces three-year low in Ethereum staking market amid stETH depeg turmoil

24.07.2025
Load More
Next Post
Argentina’s Vice President Says She Talked to Bukele About BTC

Argentina’s Vice President Says She Talked to Bukele About BTC

4.5 2 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Billionaire Mark Cuban Teases Meme Coin Modeled After Trump’s New Token

Billionaire Mark Cuban Teases Meme Coin Modeled After Trump’s New Token

6 months ago

How Much XRP Does Ripple Labs Have? Company Talks About SEC Ruling in Q2 Report

2 years ago
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

2 weeks ago

EU Council Unanimously Votes in Favor of MiCA Legislation

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

El Salvador’s Bitcoin Strategy Faces IMF Hurdles and Limited Public Reach, Says NGO

Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL

Dragonfly Capital Faces Potential Charges Over Tornado Cash Ties, Vows to Fight Back

Bitcoin Price Prediction: 67% of BTC Still in Individual Hands – What Does This Say About Price Potential?

Ripple CTO Admits He Faked Ozzy Osbourne Fan Q&A: “I Cheated”

Ethereum Price Prediction: Is the $3,500 Threshold ETH’s Launchpad for a New Rally?

Trending

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?
All news

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

27.07.2025
0

The Bitcoin price action remains caught in a tug-of-war between bearish and bullish sentiment, with the cryptocurrency...

Siton Mining Launches New Application to Use XRP to Start BTC Mining Machines

Siton Mining Launches New Application to Use XRP to Start BTC Mining Machines

27.07.2025
How Little Pepe’s Layer 2 Chain Changes Meme Coin Hype, Raises $5 Million in Presale

How Little Pepe’s Layer 2 Chain Changes Meme Coin Hype, Raises $5 Million in Presale

27.07.2025
El Salvador’s Bitcoin Strategy Faces IMF Hurdles and Limited Public Reach, Says NGO

El Salvador’s Bitcoin Strategy Faces IMF Hurdles and Limited Public Reach, Says NGO

27.07.2025
Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL

Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL

26.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz