PANews reported on October 8th that according to CoinDesk, gold's historic rally has dwarfed Bitcoin's, but analysts remain optimistic. Market analyst Linh Tran stated: "In the short term, Bitcoin's fundamental outlook remains positive, driven by expectations of monetary easing, continued ETF inflows, and sustained safe-haven demand. If the Federal Reserve sends a clearer signal about the start of a rate-cutting cycle at its upcoming meeting, Bitcoin may continue to benefit and have room for further gains in the fourth quarter, breaking out of a new price range."PANews reported on October 8th that according to CoinDesk, gold's historic rally has dwarfed Bitcoin's, but analysts remain optimistic. Market analyst Linh Tran stated: "In the short term, Bitcoin's fundamental outlook remains positive, driven by expectations of monetary easing, continued ETF inflows, and sustained safe-haven demand. If the Federal Reserve sends a clearer signal about the start of a rate-cutting cycle at its upcoming meeting, Bitcoin may continue to benefit and have room for further gains in the fourth quarter, breaking out of a new price range."
Analyst: Bitcoin's fundamental outlook remains optimistic and may rise further in Q4
PANews reported on October 8th that according to CoinDesk, gold's historic rally has dwarfed Bitcoin's, but analysts remain optimistic. Market analyst Linh Tran stated: "In the short term, Bitcoin's fundamental outlook remains positive, driven by expectations of monetary easing, continued ETF inflows, and sustained safe-haven demand. If the Federal Reserve sends a clearer signal about the start of a rate-cutting cycle at its upcoming meeting, Bitcoin may continue to benefit and have room for further gains in the fourth quarter, breaking out of a new price range."
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