NAGA Sees Bitcoin Correction Before Potential Q4 Rally
Bitget2026/10/20 16:30- NAGA’s Q4 2026 outlook is neutral on Bitcoin and Ether, with overbought conditions signaling a correction before potential further gains.
- A risk-off scenario carries a 50% probability, potentially pressuring cryptocurrencies; USD 81,000 is Bitcoin’s key level.
- Dollar strength and a dollar correction each carry 25% probabilities, respectively pressuring and supporting cryptocurrencies.
- Bitcoin rose 42.7% in Q3; Ether gained 71.3%, though both remained down year-to-date through September 30.
- Spot Bitcoin ETFs attracted USD 6.3 billion in Q3 net inflows, reversing about USD 5 billion in Q2 outflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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