Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
No one knows, but 85k seems possible.
There will be a runup towards inauguration soon though.
Bitcoin will pump after Trump is inaugurated and the hype surrounding his pro crypto policies reaches a peak.
Then there will be a correction. I will dollar cost out before this correction, then just play out my alts.
February is the second best month of the year, almost every February has been positive. Next few weeks should see bitcoin approaching 120k+
Then there will be a correction. I will dollar cost out before this correction, then just play out my alts.
February is the second best month of the year, almost every February has been positive. Next few weeks should see bitcoin approaching 120k+
Big boys crash it the day before, let it trade dirt cheap, cover their shorts and take a long position and then ride it back up. Rinse and repeat, what else is new ?
What will Bitcoin do today ?
What will Bitcoin do today ?
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100% manipulated. As always the pump happens in the middle of the night too.Big boys crash it the day before, let it trade dirt cheap, cover their shorts and take a long position and then ride it back up. Rinse and repeat, what else is new ?
What will Bitcoin do today ?
Most likely Bitcoin will continue to rise with lots of volatility into February, reaching over 120k.
Up to this point, I have been pretty confident and accurate in the general movement of Bitcoin, as it's followed previous historical cycles pretty closely up to this point.
However, what happens after February is unclear, as the previous cycles have differed.
If it follows the 2016/17 cycle, Bitcoin will continue to steadily go up until fall 2025, possibly reaching 200k.
If it follows the 2020/21 cycle, Bitcoin will peak in March, then have a dramatic drawdown, and then recover and match the March peak in the fall.
No one knows what will happen. Macroeconomic factors and global liquidity will play a role. Also, Trump's actions, such as whether he implements the strategic bitcoin reserve, and enacts other policies, will also be a huge factor. Everything is completely up in the air after February, and that's why I'm not going to risk it. Bitcoin could crash hard, there may be a black swan event. Last cycle, we had FTX, this cycle could be Microstrategy. Michael Saylor is diluting shares and continuing to buy massive amounts of Bitcoin using leverage. I think a crash in Bitcoin could lead to a cascading effect, and lead to Microstrategy going under, causing Bitcoin to crash even more.
Dude, I enjoy reading your forecast, your writing reminds me of Marc Faber. Keep up the research buddy.
Mstr and Mara should merge.
Miners or data centres need to be protected.
I agree. Bitcoin has consolidated for two months, much longer than usual. It's gone through the requisite corrections to shake out the leveraged positions, which will allow Bitcoin to rally to the 120k mark. February has consistently been a strong month, a 20% gain is pretty much in the cards.
CPI will be releasted Feb 12, and it should be fine, sending markets and Bitcoin higher. The rally could continue into March, until the next correction. After that, anything can happen, as there is no consistent pattern from previous cycles.
Most likely I will average out in mid February and be out completely sometime in late February or early March.
Happy Chinese New Year.
Bitcoin has always rallied during this holiday, with only one exception in the last 13 years.
cointelegraph.com
Bitcoin has always rallied during this holiday, with only one exception in the last 13 years.
How Lunar New Year brightens Bitcoin and crypto trading
Bitcoin’s Lunar New Year love affair continues. From trading surges to memecoins, here’s why the festive season is crypto’s favorite time of year.
cointelegraph.com
Bitcoin will recover gradually and make an all time high in the upcoming weeks.
However, clearly Trump’s erratic policies will wreak havoc with the economy, stocks and crypto. Tariffs on the EU are coming soon, according to Trump.
Expect a resurgence in inflation, more stock market crashes and likely recession in the upcoming years. Being that the stock market is grossly overvalued and the AI bubble is beginning to pop, one should adjust accordingly.
However, clearly Trump’s erratic policies will wreak havoc with the economy, stocks and crypto. Tariffs on the EU are coming soon, according to Trump.
Expect a resurgence in inflation, more stock market crashes and likely recession in the upcoming years. Being that the stock market is grossly overvalued and the AI bubble is beginning to pop, one should adjust accordingly.
Many chartists and technicians said ETH has topped in this cycle. At one point I saw -27% and it was FUGLY. Myself, I don't think we can get back to $ 4,880 ATH , maybe in the next cycle ?
My personal opinion is that ETH is done, and many people agree. It’s downfall is the insanely high gas fees. With so many alternatives that have no fees and are faster, ETH seems to be dying. But perhaps it can stage a comeback.
