News View Non-AMP

Crypto Price Predictions for Q4 2024: Bitcoin and Altcoins Set for a Market Shift?

Published by
Qadir AK

In a recent Thinking Crypto podcast, Matt Hogan, Chief Investment Officer of Bitwise Asset Management, shared key insights into the upcoming market trends and Bitwise’s strategic moves. The focus is on a potential crypto market rally in Q4 2024, driven by key acquisitions and shifting market conditions.

Strategic Acquisitions Fuel Growth

Bitwise’s recent acquisitions are set to enhance its market position as the crypto industry gears up for a potential bull run. The purchase of ETC Group, a leading crypto ETP provider in Europe, enables Bitwise to leverage Europe’s favorable regulatory environment. This strategic move allows Bitwise to tap into a more structured and supportive market compared to the regulatory uncertainties faced in the U.S.

Plus, Bitwise’s acquisition of Osprey’s Bitcoin fund aims to streamline operations and reduce costs. Integrating this fund into Bitwise’s Bitcoin ETF strategy is expected to boost efficiency and strengthen Bitwise’s position ahead of the anticipated market rally.

Optimism for Q4 2024

Matt Hogan of Bitwise forecasts a crypto rally for Q4 2024, driven by the resolution of macroeconomic uncertainties. Historically, September has been tough for Bitcoin, with an average decline of 4.5% and a 3% drop this month. U.S. political uncertainty and ongoing debates over interest rate cuts influence market volatility.

He further highlighted that the resolution of uncertainty surrounding U.S. Federal Reserve interest rate cuts and increased global liquidity from central banks will likely stimulate market growth. As uncertainties around U.S. elections and economic policies are resolved, Hogan anticipates a significant rally in the crypto market.

Positive Outlook on ETFs and Market Maturation

Hogan pointed to their impressive growth and performance across institutional and retail sectors to address concerns about Bitcoin ETFs. He remains optimistic about continued strong inflows into Bitcoin ETFs as the year progresses. Regarding Ethereum ETFs, while acknowledging that a later launch might have been beneficial, Hogan expects increasing institutional interest as the market approaches the last quarter.

Will Q4 Bring the Market Turnaround?

Currency, Bitcoin’s price shows promise for an uptrend after finding support around $56,000. It bounced 3.7% from this level and is trading around $58,000. If support holds, BTC could rise to $59,529, its 50% retracement level. The MACD indicator also signals bullish momentum, but a close below $56,000 could drop to $54,000.

Similarly, Ethereum is nearing its resistance at $2,421. Trading around $2,357, ETH could climb 6% to $2,564 if it breaks the resistance. The MACD also supports Ethereum’s potential rise, indicating bullish momentum.

What are your thoughts on the potential market rally in Q4? Share your views on how these developments might influence the crypto space!

Also Check Out: US Debt Reaches New Heights: What It Means for the Crypto Market

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Best Cryptocurrencies for June 2025: Ripple (XRP), Dogecoin (DOGE), Mutuum Finance (MUTM)

As market sentiment shifts and fresh momentum builds across digital assets, June 2025 presents a…

June 2, 2025

Live Coin Watch Alert: Bitcoin Solaris’s 21M Fixed Supply Creates Your Second Chance at Bitcoin’s Growth Path

When Bitcoin first emerged, its fixed 21 million supply was mocked. Today, that scarcity has…

June 2, 2025

Singapore Cracks Down on Unlicensed Crypto Firms with Strict New Rules

Singapore’s financial authority announces that unlicensed crypto firms operating overseas after June 30 will be…

June 2, 2025

Can U.S. Buy More Bitcoin? Here’s What David Sacks Revealed

On May 27, 2025, US President’s crypto czar, David Sacks, says there is a pathway…

June 2, 2025

After Monero Surge, Wall Street Ponke Gains Momentum, maybe Under $1?

Hackers used Monero to move stolen Bitcoin, pushing XMR up 24 percent to $269. But…

June 2, 2025

Pakistan Allocates 2,000MW for Bitcoin Mining and AI: A Digital Revolution

Pakistan has allocated 2,000 megawatts (MW) of electricity to fuel Bitcoin mining and artificial intelligence…

June 2, 2025