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TechFlow news — On September 23, on-chain analyst Ali posted on a social media platform noting that Bitcoin rose 61% in the fourth quarter of 2016 and surged 171% during the same period in 2020. The current Bitcoin price trajectory in 2024 closely resembles those two years. Ali suggested that history might be repeating itself, with Bitcoin potentially staging another strong rally in this year's fourth quarter.
On-chain analyst Ali posted on social media pointing out that Bitcoin rose 61% in the fourth quarter of 2016 and surged 171% during the same period in 2020. Bitcoin's price movement in 2024 so far closely resembles those two years. Ali suggested that history might be repeating itself, with Bitcoin potentially seeing a strong rally in this year's fourth quarter.
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