According to Bitcoin.com, 21Shares senior crypto research strategist Matt Mena said Bitcoin could see a strong fourth quarter as cumulative net inflows into U.S. spot Bitcoin ETFs reached about $603 million and risk appetite for altcoins improved. Mena said BTC is finding support near $77,000, with growing odds of a move toward the $82,000 range before month-end. He also listed potential fourth-quarter targets of $100,000 for BTC, $3,500 for ETH, $100 for HYPE, and $130 for SOL. In addition, he pointed to Ethereum outperforming Bitcoin over the past three weeks, at 29% versus 20%, while Hyperliquid approached $90, which he said suggested capital was rotating into altcoins.
According to Bitcoin.com, 21Shares senior crypto research strategist Matt Mena said Bitcoin could post a much stronger fourth quarter as cumulative net inflows into U.S. spot Bitcoin ETFs reached about $603 million and risk appetite for altcoins picked up.
Mena outlines key Q4 price levels
Mena said BTC is currently finding support near $77,000, and the chances of a push toward the $82,000 range before the end of the month are increasing. He also named potential fourth-quarter targets of $100,000 for BTC, $3,500 for ETH, $100 for HYPE, and $130 for SOL.
Signs of rotation into altcoins
He also said Ethereum had outperformed Bitcoin over the past three weeks, at 29% versus 20%, while Hyperliquid was approaching $90, a sign that capital was rotating into altcoins.
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