Bitcoin is lagging in October, but analysts say its stability signals strength.
\nThe \u201cdigital gold\u201d is failing to rally alongside gold, which is hitting new highs.
\nOne analyst says a massive move, similar to late 2024, \u201cwill start very soon.\u201d<\/p>\n
A strange and deceptive calm has settled over the Bitcoin market. <\/span><\/p>\n While its analog cousin, gold, is once again surging to new all-time highs and US stocks are basking in the green, the king of crypto remains stuck in a frustrating holding pattern, stubbornly refusing to join the party. <\/span><\/p>\n But for some of the market\u2019s sharpest observers, this is not a sign of weakness; it is the quiet coiling of a spring, the calm before a powerful and imminent storm.<\/span><\/p>\n The price action has been a familiar and frustrating story for the bulls. Bitcoin has slipped\u00a0<\/span>1.2 percent<\/span> over the past 24 hours to $<\/span>111,500<\/span>, with the rest of the crypto sector seeing even steeper losses. <\/span><\/p>\n But beneath this sluggish surface, a powerful undercurrent of institutional demand and a shifting macroeconomic tide are quietly building a case for a major breakout.<\/span><\/p>\n Speaking at the Digital Asset Summit in London on Wednesday, Quinn Thompson, the chief investment officer at Lekker Capital, delivered a bold and bullish prophecy. <\/span><\/p>\n He argued that Bitcoin\u2019s current decoupling from gold is a temporary anomaly that is about to violently correct itself.<\/span><\/p>\n \u201cI posit that we will catch up to gold,\u201d<\/span>\u00a0he told the audience.\u00a0<\/span><\/p>\n \u201cIt will start very soon and the move that is about to come in bitcoin and crypto broadly will resemble a November 2024 and an October 2023 type of move.\u201d<\/span>\u00a0<\/span><\/p>\n These were periods of explosive, parabolic growth, and Thompson\u2019s prediction is a clear signal that he believes a similar fire is about to be lit.<\/span><\/p>\n This view is not held in isolation. Matt Mena, a crypto research analyst at 21Shares, voiced a similar outlook, arguing that Bitcoin\u2019s remarkable durability in the face of global uncertainty is a testament to its underlying strength. <\/span><\/p>\n This, he says, is\u00a0<\/span>\u201cunderscoring how structural demand\u2014anchored by ETF inflows and a more dovish policy outlook\u2014continues to provide a floor.\u201d<\/span><\/p>\n With the speculative leverage recently flushed out of the system and a new era of monetary easing on the horizon, Mena is now projecting that Bitcoin could climb to $<\/span>150,000<\/span>\u00a0before the end of the year.<\/span><\/p>\n The key to unlocking this potential, all agree, lies with the US Federal Reserve. The market\u2019s conviction that the central bank is on a firm path to continue easing its monetary policy is the primary engine of the current \u201crisk-on\u201d mood. <\/span><\/p>\n That conviction was strengthened on Wednesday with the release of the Fed\u2019s Beige Book, which reported growing signs of weakness in the US labor market.<\/span><\/p>\n Fed Chair Jerome Powell himself has acknowledged this\u00a0<\/span>\u201csoftness,\u201d<\/span>\u00a0a clear signal to the market that further rate cuts are very much on the table for the two remaining policy meetings this year. <\/span><\/p>\n For now, Bitcoin waits, a sleeping giant biding its time. But if the analysts are right, it is a slumber that is about to come to a spectacular and explosive end.<\/span><\/p>\n The post Bitcoin\u2019s October slowdown masks underlying strength, analysts say<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin is lagging in October, but analysts say its stability signals strength. The \u201cdigital gold\u201d is failing to rally alongside gold, which is hitting new highs. One analyst says a massive move, similar to late 2024, \u201cwill start very soon.\u201d A strange and deceptive calm has settled over the Bitcoin market. While its analog cousin, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5080","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5080"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5080\/revisions"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A prophecy of a powerful move<\/span><\/h2>\n
A \u2018floor\u2019 of demand, a path to $150,000<\/span><\/h2>\n
The shadow of the Fed looms large<\/span><\/h2>\n