On August 16, Julio Moreno, head of research at CryptoQuant, shared his expectations on X, saying that Bitcoin is likely to see an increase in the fourth quarter of this year. After delving into Bitcoin's price performance in the halving year, Moreno found that Bitcoin's performance so far this year is very similar to that of 2016 and 2020. "If the price is going to rise, it will be in the fourth quarter," Moreno said.