Bitcoin’s potential for a ‘parabolic’ rally in the fourth quarter is supported by historical price data, as reported by Cointelegraph. This suggests that the cryptocurrency may experience a significant surge in value in the coming months.
According to Bloomberg, Bitcoin is currently struggling to capitalize on a rebound in global risk appetite. The cryptocurrency’s value has been sliding, despite improving market conditions, indicating a disconnect between Bitcoin and broader market trends.
Contrary to current market trends, TheStreet believes that Bitcoin’s bull run is far from over. The cryptocurrency has shown resilience in the face of challenges, and there are reasons to be optimistic about its future growth potential.