These Catalysts Could Trigger Historically Bullish Q4 for Bitcoin: Crypto Analytics Firm Head of Research

These Catalysts Could Trigger Historically Bullish Q4 for Bitcoin: Crypto Analytics Firm Head of Research


The fourth quarter of 2021 is looking “historically bullish” for Bitcoin (BTC), according to one blockchain researcher.

Lucas Outumuro, head of research at the blockchain intelligence firm IntoTheBlock, says on Twitter that three factors are driving BTC optimism:

1. The potential approval of a Bitcoin exchange-traded fund (ETF).
2. The upcoming Taproot upgrade.
3. The “feedback loop” between BTC’s price and fundamentals.

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Outumuro notes that Bloomberg analysts have estimated there’s a 75% chance a Bitcoin ETF gets approved as early as this month.

9/ The approval of a highly-anticipated Bitcoin ETF is driving expectations

Bloomberg analysts give a 75% chance of a Bitcoin ETF being approved in US markets as early as October https://t.co/X07qMRyhnM

— Lucas Outumuro (@LucasOutumuro) October 12, 2021

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