Going forward, popular trader and investor CryptoBrib is weighing in on the possible outcome of the 4th quarter, starting with what seasonality holds for Bitcoin in this quarter.<\/p>\n
As seen in his recent market report, the investor made some remarkably bullish statements, one of which reads; \u201cSeasonality and Q4 suggest that historically Q4 was always (except for 2014, 2018 bear markets) of extreme upwards volatility returning double-triple digit % returns on average.\u201d I expect no different this time. Seasonality is on the bullish side.\u201d<\/p>\n
Additionally, the Birbicator, a custom indicator prototype based on a Stochastic oscillator has just now confirmed a bullish crossover for Bitcoin\u2019s momentum. In the coming months, the bulls are expected to show up and show out.<\/p>\n
\u201cMomentum & trend-wise, Birbicator has confirmed bullish crossover for momentum proving that the long-term market upside continuation is to occur. The direction is stronger to the upwards again. Monstrous signal giving the overall narrative for the next few months.\u201d<\/em><\/p>\n Keep in mind that the MTF chart has covered up the bears and the traders who shorted Bitcoin at $40,000 in extreme fear. Local consolidation is now expected to be between $56,000 and $58,000. A bullish breakout into the supply zone around the $50k-$53k gray area in the image below.<\/p>\n Lastly, the bulls are expected to take over the gray area and reclaim it as a demand zone, thereby favoring the $58k-$60k region retest within the next impulse.\u00a0<\/p>\n In the long term, Bitcoin bulls will be positioned for another attempt to break through the $65,000 all-time high reached back in April, that is after the $56,000- $58,000 breakout has been recorded.<\/p>\n When it comes to market sentiments, the market is currently neutral. But the analyst insists they are wrong, adding that they were wrong when Bitcoin was at its $40,000 lows. \u201cThe more extreme the emotions, the wrong-er the crowd is.\u201d he added.<\/p>\n![\"\"\/](\"https:\/\/lh5.googleusercontent.com\/vWPI6LD7lJ1_IHQRfxFrtBU08SbWqhEI7w9OH2ss6R8Q9ZFR70B43wN6Z9xbRjq1JpFY2pEQ2gr15K72_73kYl5SO6W776aG56_JCUzQv9X8fJDwnBQZXLeTye6OUcofxjQ5Z6bP=s0\")