Bitcoin to skyrocket in 2024

stinkynuts

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September has historically been a horredous month for crypto and stocks. People back from summer vacation, and lots of people needing money to cover expenses for the new school year.

At the same time, around late September is when we should see the beginning of the parabolic phase, where Bitcoin really starts to take off.

Should be exciting. I'm beginning to lose patience, but hopefully we will be rewarded soon.
 
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stinkynuts

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September living up to its reputation.

Things could get really bad, many are saying bitcoin could go below 50k again. But interest rate cuts and the election are going to be catalysts for the next leg up. Bitcoin to reach 100k before the year ends.
 
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sprite09

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They will definitely cut, but regardless btc could dip to that level.
A lot of people are giving up hope.

People giving up hope is a great sign. People have a really short-term memory; there was basically 6 months of choppy action last year then it suddenly ripped.
 
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stinkynuts

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Brace yourselves guys. It’s widely believed that there will be one last major shakeout before we take off. This one is going to be very painful, we may fall in the 30’s.

 
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stinkynuts

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One widely held theory is that Bitcoin will not crash, but is preparing for a massive run like the gold and dotcom booms. There will an insane blow off top followed by a massive crash and bear cycle that will last for years, this is quite typical.

 
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sprite09

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Brace yourselves guys. It’s widely believed that there will be one last major shakeout before we take off. This one is going to be very painful, we may fall in the 30’s.

everyone says that.... historically sept is not a good month for stock and crypto, but it's not dramatic

I sense fear in you, as well, which means it's a good sign the rip is coming sooner rather than later
 
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stinkynuts

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Looks like September will be brutal, already at 53k. And this is with a rate cut priced in.

Just can’t wait for this month to be done with.
 
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sprite09

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Entering the parabolic phase.. finally.

My patience was tested to the max. The next few months should be exciting.
like I said.....now, enjoy the ride

that said, i just want this quarter to close green ...11 days left..if not, there will be more consolidation /chio
 
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stinkynuts

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The parabolic upswing is in progress. The next few months will be insane.

Global monetary supply increasing as the US, China, Asia and Europe cut rates and make borrowing easier. Bitcoin always does well in this environment.

The fundamentals of demand and supply. Supply is very low, as people are holding, and demand is increasing due to etfs.

The historic bitcoin cycles over the last three have all shown explosive growth right now in the cycle. Furthermore, October has always been the strongest month for bitcoin.

The election is another huge catalyst. Once the election is over, Bitcoin has historically rallied as uncertainty has been resolved.

In short, it’s a perfect storm. Bitcoin could hit 100k this year
 
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