Bitcoin Eyes $85k in Q4 as Key Price Bands Align with On-Chain Data

The post Bitcoin Eyes $85k in Q4 as Key Price Bands Align with On-Chain Data appeared first on Coinpedia Fintech News

According to Bitcoin’s Realized price bands over CryptoQuant, the OnChain data suggests the Bitcoin price could potentially reach $85,000 to $100,000 in Q4. This is due to the resurfacing demand and historically positive seasonal trends. According to the on-chain metrics, short-term traders will begin taking profits after a price rally to the $85k to $100k mark. However, the recent geopolitical tensions in East Asia could lead to some quick hiccups. The on-chain realized price band shows the upper and lower bands at $86.51k and 54.37k, respectively. Further, the realized price band of $61.79k is relatively close to the current price of $61,250.