Bitcoin Primed for a ‘Pretty Strong’ Fourth Quarter, According to Real Vision Analyst Jamie Coutts – Here’s Why

Actual Imaginative and prescient analyst Jamie Coutts believes Bitcoin (BTC) may finish the yr a lot larger if the crypto king bounces round.

In a brand new video replace, Coutts explains say that market liquidity is beginning to enhance, main Bitcoin to get well within the final 4 months of the yr when the flagship cryptocurrency usually performs nicely.

“I feel individuals in crypto are very targeted on the brief time period. The issues that drive crypto in the long run are issues like liquidity, and that has actually improved…

Zooming out, I feel the situations are in place for a fairly robust fourth quarter. September at all times fairly sucks once you have a look at Bitcoin through the years. However it’s the fourth quarter interval the place Bitcoin is doing fairly nicely. So it may commerce closely from right here. Barring any type of main escalation or unexpected geopolitical points, I feel the fourth quarter will nonetheless be a fairly robust quarter.”

Bitcoin is buying and selling at $56,087 on the time of writing, down greater than 3% previously 24 hours.

The analyst additionally means that altcoins may get away earlier than the present cycle ends.

“I feel at this level within the cycle there are nonetheless respectable returns available over the following six to 12 months, possibly a little bit longer…

We have had these 40% to 50% pullbacks in most of the altcoins. And if we see a resumption of robust liquidity within the fourth quarter after which within the first quarter, issues will go unsuitable…

It is nonetheless going fairly sluggish, like there’s solely a small proportion of cash which can be outperforming Bitcoin on this market, and also you want that as a transparent signal that that is turning round, that you’ll see some type of momentum come again into the market. that house.”

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