Odaily News CryptoQuant analysts say Bitcoin is entering a positive seasonal phase, but increased demand is key to BTC prices reaching $100,000 in the fourth quarter. CryptoQuant analysts added: "By 2024, Bitcoin's performance is similar to that of 2016 and 2020 through September." CryptoQuant analysts say institutional demand from U.S. Bitcoin exchange-traded funds (ETFs) is key to further Bitcoin price growth. "If ETF demand continues to accelerate, it could drive prices higher in the last quarter of 2024. On-chain data valuation indicators suggest that Bitcoin could target a price range of $85,000-100,000 in the fourth quarter on the back of a recovery in demand and favorable seasonality." (Cointelegraph)