Analyst: Bitcoin's fundamental outlook remains optimistic and may see further gains in Q4
ChainCatcher news, according to CoinDesk, the historic rally of gold has overshadowed bitcoin, but analysts remain optimistic.
Market analyst Linh Tran stated: "In the short term, the fundamental outlook for bitcoin remains optimistic, thanks to expectations of monetary easing, continued ETF inflows, and ongoing demand for safe-haven assets. If the Federal Reserve sends a clearer signal about the start of the rate-cutting cycle at its upcoming meeting, bitcoin may continue to benefit and has further room to rise in the fourth quarter, breaking into new price ranges."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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