According to Markus Thielen, Director of 0x Research, Bitcoin breaking through the $65,000 resistance will likely lead to a massive digital currency rally in Q4 2024. The increase in stablecoin proliferation and the decline in Bitcoin dominance following the US Federal Open Market Committee (FOMC) meeting in September are a major factor in this prediction. The increase in Ethereum (ETH) network fees also indicates the increase in altcoin activity. In South Korea, the daily trading volume reached around $2 billion and Shiba Inu (SHIB) became the leader in terms of trading volume. In China, OTC brokers reported inflows of around $20 billion. The report predicts that Bitcoin's next target will be $70,000 in the next two weeks, after which it will reach a new high by the end of October.
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