Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
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.
I'm not so sure of that yet. If you see a BTC/or ETH down day of 15% or more, we are in the capitulation stage when the Bears try to take out the legs of the big player Bulls , especially the FOMO ones and the highly leveraged ones.
it's not done ..it has bottomed
bullish engulfing candle on the daily when it comes to ETH / BTC (not eth /usd )
what happened Sunday was a targeted liquidation event aimed at ETH so that big boys could buy lower....ofc ETH isn't gonna blast off immediately; they're not going to make it that obvious
Between the 2 Black Swan events , Terra Luna collapse and FTX collapse , ETH bottomed out around 1,050 mid June 2022, it's hardly budged since then . I bet you a medium Tim's coffee that it doesn't reach $ 5,000 by this Christmas ?
Mid 2024 I truly believed that ETH/ALTS would have had a stronger % run than BTC so I switched out of BTC into ETH and ALTS. During the 2 Black Swan events many ALTS crashed like 80 -90% and some of them have only retraced like 5% and people are call the end to this cycle around fall of 2025. Must be some heavy duty rally coming ? I'm hoping and praying since I'm ETH , ALTS biased.it went to 4k ...300 percent...BTC did 600 percent ...eth lags like it always does until the final yearBetween the 2 Black Swan events , Terra Luna collapse and FTX collapse , ETH bottomed out around 1,050 mid June 2022, it's hardly budged since then . I bet you a medium Tim's coffee that it doesn't reach $ 5,000 by this Christmas ?
people were calling for alt season way too early , then it truly would have been a left-translated cycle
so far the timing is fitting the 4-yr cycle ...i think eth will break the ATH in late q1 of early q2....correct , consolidate in q3 (typically bearish time for stocks and crypto, esp September), then a blow off top in q4, coinciding with monetary easing.
Feb 12: CPI. Should be good, markets will likely rally
Feb 18: FTX to begin repayments. Most of that money will probably be put back into bitcoin and crypto. Should send bitcoin higher
Feb 18: FTX to begin repayments. Most of that money will probably be put back into bitcoin and crypto. Should send bitcoin higher
This guy was one of many who said eth was dead. He just flipped, saying something is going on behind the scenes and ETH could rally.
for sure ...there is a reason why ETH was specifically attacked Sunday
I read there were tons of BTC 99k and 100k option calls out there today, and there is no way the Bears would let BTC near that mark come expiry time ( 3pm EST). This morning I saw 100k and I thought I was seeing things. UGH ! Rinse and repeat !
