According to a recent study by cryptocurrency expert Astronomer (@astronomer_zero), Bitcoin may achieve an 82% chance of a strong fourth quarter in 2024 due to September patterns.
Astronomer showcases Bitcoin’s unanticipated growth in the closing days of September on X. According to him this indicates the cryptocurrency may achieve one of its greatest performances of last month.
According to Astronomer the market is likely to trend positively reinforcing our established breakout hypothesis. He reveals a considerable variation between public opinion and the real market dynamics. While discussions among users abound many are still under-invested.
Bitcoin Traders Taking Profits
Some have taken their profits too soon or anticipate a downturn. Astronomer shared that his views come from both conversations in the public arena and private market observations. Numerous groups are said to maintain long positions while failing to capture the best entry points.
Historical information forms the basis of the analyst’s positive outlook regarding Bitcoin trends. Every time September was favorable there were three additional months of profits afterwards.
Astronomer warned that the small number of examples—only three cases—may impact the trustworthiness of this trend. In the past when September turns against us Q4 typically falters which points out the significant role of September trends in forthcoming quarters
With a September close of over $59.000 for Bitcoin the probability of a positive Q4 jumps to 82%. The forecast has led to conversations among members of the community while some question the chance of future reductions. Astronomer confirmed his focus on analytics based on data.
Traders should concentrate on matching market conditions and past behaviors as Astronomer stressed strategic instead of speculative strategies in the high-risk world of cryptocurrency trading.
