Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
A great video explaining what happened.
Most likely liquidation of over leveraged market rather than hawkish Fed.
The market will rebound higher in a couple of weeks.
Last edited:
Bears going to take BTC down to the Dec 10th area of around $ 94,500 it looks like on my charts. I should really learn to skew my charts to look more bullish. UGH !
seems like normal price action for bitcoin
131% YTD isn't enough?
131% YTD isn't enough?
Last edited:
A lot of T/A's and chartists are saying that BTC and ETH's bull cycle had ended just recently and a new bear is going to start prematurely ( like my cock ), any believers or do you still feel there's 1 more year to go in this bull ?
The bottom line is that anything is possible.
In the end though, the most important factor is global liquidity. How much money and credit is available. If there is a lot, people will put it into risky assets to try to make as much as possible.
Jerome Powell yesterday warned that there may be problems ahead with the labor market.
We all know what happens when the fed starts to tighten.
Having said that, it seems more likely that we haven’t peaked yet. I will be out entirely out of Bitcoin before the next cpi reading and Trump gets inaugurated. After that, the risk/reward just isn’t there. I will play out my alts though, they should peak in Feb->April.
The last cycle was fueled by an insane amount of global money being pumped in due to covid. That fueled the second peak in the fall.
However, without all that stimulus, there likely would never have been the second peak, and the bull run would have ended in the spring.
It’s quite likely that this bull run could end in the spring, as there will be nowhere near as much global stimulus this time around.
However, without all that stimulus, there likely would never have been the second peak, and the bull run would have ended in the spring.
It’s quite likely that this bull run could end in the spring, as there will be nowhere near as much global stimulus this time around.
Last edited:
Tomorrow PCE will be reported.
PCE will be fine and markets will rally, making up some of the losses.
Bitcoin will also rally, crossing 100k
PCE will be fine and markets will rally, making up some of the losses.
Bitcoin will also rally, crossing 100k
I'm not so sure about that, earlier this am I saw BTC at $ 92,085 area . . . . 
I think Bitcoin will follow 1 of 2 scenarios from here:
Scenario 1)
Bitcoin will recover to around 105,000, and people will start to fomo and leverage in, falling for the trap. That's when whales dump again, plunging Bitcoin into the high 80's. From there, they buy the discounted bitcoin, and in early January the next leg up begins, bringing Bitcoin up over 110k.
Scenario 2)
Bitcoin historically has a Santa Claus rally one week before and after New Year's. After the rally, it's possible that a correction will happen before moving up.
Scenario 1)
Bitcoin will recover to around 105,000, and people will start to fomo and leverage in, falling for the trap. That's when whales dump again, plunging Bitcoin into the high 80's. From there, they buy the discounted bitcoin, and in early January the next leg up begins, bringing Bitcoin up over 110k.
Scenario 2)
Bitcoin historically has a Santa Claus rally one week before and after New Year's. After the rally, it's possible that a correction will happen before moving up.
Last edited:
crypto will rally then correct before or after inauguration
Retracements during a bully cycle are the norm, but I always find it hard to stomach since my positions are naked and not hedged one cent. The pullbacks could be 20%, 30% and up to 40% max, the following are the approximate BTC levels at : 20%: $ 81,640 , 30%: $75,800 & 40%: $ 64,980. Are we still in the bull cycle or a new bear ?
Absolutely. The inauguration will be a pivotal point. Bitcoin will rally up to the inauguration and maybe a few days after. It will then dump hard, maybe 30 percent.
I saw this current dump coming, it has happened in the previous two cycles. But I largely held through it since it was going to relatively minor.
I will be out almost entirely out of bitcoin just before the inauguration. But play out my alts.
If bitcoin follows the 2017 cycle, the dump will happen right before the inauguration, if it follows the 2021 cycle, it will happen one week after the inauguration.
Last edited:
We are still in the bull cycle, but don’t believe the hype about how strong this market is and how it’s going to be a super cycle.
The theoretical peak, if it follows mathematically from the previous cycles is 120,000, due to diminishing returns.
We are in the middle of the parabolic phase and have only gone from 65,000 to 93,000. This, despite the most bullish economic, political and regulatory backdrop ever. With hundreds of billions from ETFs and Michael Saylor buying like crazy.
There is absolutely no way btc is hitting 500k like some are saying. Not even 200k.
Maybe 120-160k at the most. Meanwhile there could be a black swan event that could cause btc to crash. Microstrategy is doing something extremely risky and a crash in btc could cause a cascading effect, where Microstrategy is ultimately forced to sell its bitcoin and bitcoin just tanks. People are really complacent and so sure that this will be the biggest bull run ever right now, but it’s when people are most complacent and think nothing can go wrong that things do.
After alt season is done this spring, I’m out of crypto for good. Holding until the end of the year, hoping bitcoin will hit 200k isn’t worth the risk. There are far safer alternatives.
Last edited:
Trump’s inauguration may trigger crypto sell-off, says Arthur Hayes
Cryptocurrency market commentators and observers have predicted positive market trends associated with United States President-elect Donald Trump’s inauguration in January 2025, but BitMEX co-founder Arthur Hayes has a different perspective.Hayes cautioned against the high expectations of quick cry…
www.tradingview.com
If you want to know where btc is headed, polymarket has been the most accurate indicator, not stupid analysts
polymarket.com
polymarket.com
polymarket.com
What price will Bitcoin hit in December?
Polymarket | This market will immediately resolve to "Yes" if any Binance 1 minute candle for Bitcoin (BTCUSDT) between December 2, 2024, 00:00 and December ...
polymarket.com
What price will Bitcoin hit by March 31?
Polymarket | This market will immediately resolve to "Yes" if any Binance 1 minute candle for Bitcoin (BTCUSDT) between December 12, 2024, 16:00 and March 31...
polymarket.com
Will Bitcoin hit $250k in 2024?
Polymarket | This market will resolve to "Yes" if Bitcoin (BTC) reaches a price of 250,000 or greater according to Binance by December 31, 2024, 11:59 PM ET....
polymarket.com
Last edited:
