Anthony Pompliano says Bitcoin is oversold and due for a September rally. Historical Q4 strength and Fed rate cut speculation support a bullish outlook. The analyst predicted a major rally ahead, but dismisses $1M Bitcoin this cycle. Anthony Pompliano has predicted that Bitcoin will begin rallying in September. Speaking on CNBC Thursday, he pointed to Bitcoin’s oversold state and historical trends showing stronger performance in autumn. Pompliano emphasized September and October timing in relation to Bitcoin’s April 2024 halving cycle and suggested the combination creates favorable conditions for price appreciation. He noted that market participants return from summer breaks and become more active during September, driving increased buying activity. Historical Seasonality Patterns Support Bullish Outlook Bitcoin’s historical performance shows Q3 as the weakest quarter since 2013, averaging just 6.02% returns, while Q4 delivers the strongest performance at 85.42% average gains according to Coinglass data. Pompliano argues this pattern creates self-fulfilling expectations as investors position for anticipated Q4 strength. Source: Coinglass The str… The post Anthony Pompliano Predicts Bitcoin Rally in September Driven by Oversold Signals, Q4 Trends appeared first on Coin Edition .
