What Could Decide Bitcoin’s Q4? The Fed, Bond Yields, and One Crucial Price Level

The market structure is significantly different today, said one of the analysts we talked to. Bitcoin enters the final quarter of the year after a powerful recovery in the third quarter, but analysts warn against expecting another straight-line rally. Instead, they pointed to some key factors that could impact BTC and the overall market in the following three months. Some of them include the Federal Reserve, Treasury-market liquidity, ETF flows, geopolitics, and BTC’s ability to clear $87,500, which remains its most significant obstacle on the path forward. Q3 May Be Hard to Repeat Although Q3 began with another leg down to under $58,000, which became BTC’s lowest price tag in a year and a half, the subsequent three months were a lot more positive. The cryptocurrency rebounded immediately and broke out in mid-August to over $80,000. Its rise continued and managed to close the quarter with a massive 43% surge. Iliya Kalchev, Nexo Dispatch Analyst, described the three-month period as both a recovery phase and a breakout milestone. He argued that the most important catalyst arrived from the bond market after the US Treasury increased the size of its long-end bond buyback operations in...