The Bitcoin price has rallied more than 8.5% over the past week in a strong recovery to $64,000. Crypto bulls appear to be gearing up for a potential surge that could see BTC rise by an astounding 171% during the fourth quarter.
With the latest recovery, there is heightened speculation about Bitcoin potentially reaching $172,800 by the end of Q4. This speculation comes on the heels of the Federal Reserve cutting interest rates by 50 basis points.
CoinGape's analysis posits that the current bullish momentum, along with macroeconomic factors like the Fed rate cut, could play pivotal roles in Bitcoin's price action in the fourth quarter.
