What Could Bitcoin Expect In Q4?

Bitcoin price has developed a stronger deviation and so is hinting at more upside. Despite the optimistic technical considerations, investors actually expect volatile swings coinciding with the end of the third quarter of 2022.

Bitcoin price is trading above two crucial levels, suggesting a stable position. Combining this anticipation with a bullish divergence signal, the crypto asset holders also expect a favorable outcome.

However, since Q3 will end this night, there is bound to be abnormal volatility in the market, which could trigger massive moves in either direction, so investors need to be cautious.

Bitcoin is trading around $19,400 at the time of writing. Bitcoin price formed a firm bottom on June 30 at $19,230, which was followed by a 31% surge that set up a swing high at $25,205. After that, an exhaustion of the move’s momentum combined with investors booking profits, witnessed markets turning around and resulted in a 27% crash that formed another bottom at $18,210 on September 19.

These lower lows might indicate a bearish expectation. This technical formation reveals a lack of selling pressure and can be a signal the market will reverse and start moving higher.