Bitcoin's Fourth Quarter Strategy Requires New Approach, Says Analyst

According to PANews, Markus Thielen, Head of Research at 10x Research, has indicated that the Bitcoin trading strategy for the fourth quarter of this year will differ from the past three years. He emphasized that relying solely on leveraged long positions is no longer an effective method. Thielen noted that while some believe the increase in global money supply is a favorable macroeconomic factor, it is not the key indicator, and other macroeconomic variables hold greater significance. Furthermore, Thielen highlighted that the current average analyst expectation for Bitcoin's year-end price is $192,000, which he considers overly optimistic. Although Bitcoin typically performs well in the fourth quarter, the market environment has changed, necessitating smarter trading structures for investors to remain profitable. He stressed that while there are still opportunities for profit, the methods differ from what most people expect.