{"id":344960,"date":"2021-09-27T16:25:00","date_gmt":"2021-09-27T13:25:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-breaking-new-highs-in-q4-will-temporarily-turn-alts-to-dust-analyst\/"},"modified":"2021-09-27T16:25:00","modified_gmt":"2021-09-27T13:25:00","slug":"bitcoin-breaking-new-highs-in-q4-will-temporarily-turn-alts-to-dust-analyst","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-breaking-new-highs-in-q4-will-temporarily-turn-alts-to-dust-analyst\/","title":{"rendered":"# Bitcoin breaking new highs in Q4 will \u2018temporarily turn alts to dust\u2019 \u2014 Analyst"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a406356df270\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a406356df270\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-breaking-new-highs-in-q4-will-temporarily-turn-alts-to-dust-analyst\/#Analyst_on_Bitcoin_%E2%80%9CRight_now_were_stuck%E2%80%9D\" >Analyst on Bitcoin: \u201cRight now, we\u2019re stuck\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-breaking-new-highs-in-q4-will-temporarily-turn-alts-to-dust-analyst\/#Altseason_expected_to_follow_Bitcoin_Q4_surge\" >Altseason expected to follow Bitcoin Q4 surge<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin breaking new highs in Q4 will \u2018temporarily turn alts to dust\u2019 \u2014 Analyst <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/576687e6-37ae-4162-9d26-d61e19093d97.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_on_Bitcoin_%E2%80%9CRight_now_were_stuck%E2%80%9D\"><\/span>Analyst on Bitcoin: \u201cRight now, we\u2019re stuck\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a>\u00a0showed BTC\/USD dropping to around $1,000 below overnight highs of $44,400 on Bitstamp on Sept. 27.\u00a0<\/p>\n<p>The move constitutes a rejection at a \u201ccritical\u201d zone to break, Cointelegraph contributor Micha\u00ebl van de Poppe explained, with $42,000 now the key level to hold for a higher low.<\/p>\n<p>Bitcoin\u00a0is acting in an increasingly narrow range, he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=mC0OaOGoXLg\">summarized<\/a> in his latest <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">YouTube<\/a> update.<\/p>\n<p>\u201cRight now, we\u2019re stuck,\u201d he said, pointing to $47,000 as next should the $44,600 zone be reclaimed. <\/p>\n<p>On the downside, the zone between $38,000 and $40,000 remains valid for a bounce, while a complete failure of the range as support would then send BTC\/USD toward its 2021 opening price, around $28,000.<\/p>\n<p>\u201cIf $42,000 is lost, I think we\u2019re going to have into the lows here and take the liquidity beneath the low before we\u2019re going to have an actual reversal at this stage,\u201d van de Poppe concluded about short-term price action.<\/p>\n<p>As Cointelegraph reported, volatility was broadly anticipated thanks to the imminent vote on the United States government\u2019s infrastructure bill, which could come as soon as Sept. 27.<\/p>\n<p>Combined with residual fears over China\u2019s latest \u201cban\u201d on crypto transactions, the bad-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> narratives continued to hold major sway into the new week.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Altseason_expected_to_follow_Bitcoin_Q4_surge\"><\/span>Altseason expected to follow Bitcoin Q4 surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Altcoins mimicked Bitcoin\u2019s lack of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> direction on the day, with most of the top 10 cryptocurrencies flat over the past 24 hours.<\/p>\n<p><strong><em>Related:\u00a0China fear is now infrastructure bill fear \u2014 5 things to watch in Bitcoin this week<\/em><\/strong><\/p>\n<p>Only Solana (SOL) managed to put in a convincing move, up 6.5% to $145 at the time of writing.<\/p>\n<p>Despite being uninspiring throughout September, altcoins are nonetheless due for a major resurgence,\u00a0 popular trader Pentoshi <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1442309826353106944\">forecast<\/a>.<\/p>\n<p>This, he said, should take a similar form in Q4 2021 as the same time last year \u2014 part of a general expectation that Bitcoin will shoot higher before the year is out.<\/p>\n<p>\u201cFew understand. Q4 last year alts were at [all-time lows] vs BTC,\u201d he reasoned. <\/p>\n<blockquote><p>\u201cThe day it hit that bottom line which I posted months in advance is the day the market topped. Soon bitcoin will break out temporarily turning alts to dust which in turn will lead to new ath\u2019s + bring new participants.\u201d<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1442309826353106944\/photo\/1\"><\/a><\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/cfb53e9b-931b-4f33-bf5f-a2ac71528b41.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Altcoin performance scenario. Source: Pentoshi\/Twitter<\/em><\/figcaption><\/figure>\n<p>While September is tipped to end on an average note for the markets, October could bring about the start of the Bitcoin renaissance first, with a \u201cworst case scenario\u201d\u00a0closing price of $63,000.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-breaking-new-highs-in-q4-will-temporarily-turn-alts-to-dust-analyst\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin breaking new highs in Q4 will \u2018temporarily turn alts to dust\u2019 \u2014 Analyst &#8221; Bitcoin (BTC) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls.\u00a0 BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: \u201cRight now, we\u2019re stuck\u201d Data from Cointelegraph Markets Pro&#8230;<\/p>\n","protected":false},"author":1,"featured_media":344961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvNmY5NWFjZGMtYTk4Mi00NmVmLWEyYzgtNDYwOWY4ZmUwODZkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,73785,68637],"class_list":["post-344960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/344960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=344960"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/344960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/344961"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=344960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=344960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=344960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}