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BlockBeats News, October 3, CryptoQuant analysts said that BTC is entering a positive seasonal phase, but the increase in demand is the key for the BTC price to reach $100,000 in the fourth quarter. "As of 2024, BTC is performing similarly to 2016 and 2020 through September," CryptoQuant analysts added. According to CryptoQuant analysts, institutional demand from United States BTCexchange exchange-traded funds (ETFs) is key to a further rise in BTC's price. "If ETF demand continues to accelerate, it could drive the price pump in the last quarter of 2024. On-chain data valuation indicators suggest that BTC could target the $85,000-$100,000 price range in Q4 against the backdrop of pickup demand and seasonally tailwinds