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【Analyst: Bitcoin Is Expected To Break Through In Q4, Institutional Demand And Innovation Will Drive The Rise Of Cryptocurrencies】 September 24, As The Fourth Quarter Of 2024 Approaches, Some Analysts Predict That Bitcoin And The Broader Cryptocurrency Market Will Continue To Rise, Driven Mainly By Institutional Adoption And Macroeconomic Factors.Gabriel Selby, Chief Research Analyst At CF Benchmarks, Said In The Report: "Against The Backdrop Of Macro Changes And Institutional Adoption, Digital Assets Are Expected To Continue To Grow In The Fourth Quarter, As Sovereign Balance Sheets Face Pressure And Investors Will Seek Long-term Hedging Tools Like Bitcoin."Selby Said That After The Presidential Election On November 5, The US Regulatory Landscape May Change Significantly, Creating A Good Environment For Cryptocurrency Innovation. "We See Conditions That Enhance Investor Confidence And Promote Capital Formation."Bitget Research Chief Analyst Ryan Lee Is Also Bullish On Bitcoin's Performance In The Last Quarter. He Said: "Bitcoin Is Expected To Outperform September In October, With A Target Price Range Of $58,000 To $72,000."Lee Pointed Out That There Are Several Eye-catching Signs In The Derivatives Market, Including Multiple Negative Funding Rates In Bitcoin Futures In September And The Fear And Greed Index Still Hovering In The "Extreme Fear" Zone. "Historically, These Factors Often Indicate The Arrival Of A Major Rebound."
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