Analyst: The fundamental outlook for Bitcoin remains optimistic and may rise further in Q4

ChainCatcher news, according to CoinDesk, the historic surge in gold has overshadowed Bitcoin, but analysts remain optimistic.

Market analyst Linh Tran stated, "In the short term, the fundamental outlook for Bitcoin remains optimistic, thanks to expectations of monetary easing, ongoing ETF inflows, and sustained safe-haven demand. If the Federal Reserve provides clearer signals regarding the start of the rate-cutting cycle in the upcoming meeting, Bitcoin may continue to benefit and have further room for growth in the fourth quarter, breaking through new price ranges."