Bitcoin to skyrocket in 2024

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LiveInTorontoPartyInMontreal

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mitchell76 said:
BTC now at 79K!! On Jan 20/25, BTC was at 106K!! In other words a 25.5% loss in price, since Jan 20/25!!

www.tradingview.com

BTC USD — Bitcoin Price and Chart — TradingView

Watch live Bitcoin to Dollar chart, follow BTCUSD prices in real-time and get bitcoin price history. Check the Bitcoin technical analysis and forecasts.
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If the crash goes 40 - 50% I say this cycle is prematurely over and we're into a new Bear cycle. I'm long and hope I'm wrong ( hey it rhymes :D ) !
Normal bear markets retrace 75 - 95% from ATH, I think last cycle BTC / ETH were about 78% retracement, if my math is right . . .
 
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stinkynuts

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LiveInTorontoPartyInMontreal said:
If the crash goes 40 - 50% I say this cycle is prematurely over and we're into a new Bear cycle. I'm long and hope I'm wrong ( hey it rhymes :D ) !
Normal bear markets retrace 75 - 95% from ATH, I think last cycle BTC / ETH were about 78% retracement, if my math is right . . .
Click to expand...
Whether Trump prematurely broke the cycle remains to be seen. Hopefully not.
 
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stinkynuts

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LiveInTorontoPartyInMontreal said:
Before CPI data it hit $ 84,400 , that hourly candle on my Trading View app showed it back at $ 82,500, that means no solid conviction with no high bids to keep the market rallying. UGH !
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There’s a decent chance Trump destroyed this already weak cycle. Too much fear and uncertainty. Not to mention the insane amount of manipulation and corruption this cycle. Total lack of regulation. This is what happens when the big players get involved .
 
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LiveInTorontoPartyInMontreal

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Since about Friday noon till now, BTC has been hovering at +/- $ 500 area , a very rare 24 hour period where selling pressure and buying pressure have found a equilibrium. Usually sets up for a big directional move one way or the other. Which ? This is the time when Joe Retail wannabe BTC day trader borrows $5k off his credit cards and goes max in at 100x leverage ! Yikes ! :eek:
 
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stinkynuts

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LiveInTorontoPartyInMontreal said:
Since about Friday noon till now, BTC has been hovering at +/- $ 500 area , a very rare 24 hour period where selling pressure and buying pressure have found a equilibrium. Usually sets up for a big directional move one way or the other. Which ? This is the time when Joe Retail wannabe BTC day trader borrows $5k off his credit cards and goes max in at 100x leverage ! Yikes ! :eek:
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BTC consolidated for weeks and I was sure it would make an upward movement. However, it plunged. There is a possibility the same can happen again. If it does, it's almost certain this cycle is over.

Regardless, Bitcoin will never behave again like in the early years. The days of fast and easy money where Bitcoin 10X's is over.

This is what happens when the the government and institutions get involved.

This is just following one of the basic laws of the universe: greater reward come with greater risks. There is no free lunch. You have to pay the price of increased volatitilty for greater rewards. Now that Bitcoin is unlikely to go to zero, or fall 95% like the early days, the rewards have been adjusted.

BTC is acting more like a risky tech stock like NVDA, now that ETFs are involved. It's subject to the same macroeconomic news, and is highly correlated with the QQQ and S&P.

Since this is the case, it makes absolutely no sense to risk your money betting on Bitcoin, which is not backed by anything, and has zero regulation. It is heavily manipulated, and if the Big players wanted to, they could orchestrate a major crash.

For the same level of reward, but with a fraction of the risk, it's better to put your money into a volatile tech stock that actually adds value to society and has actual worth, such as NVDA.
 
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LiveInTorontoPartyInMontreal

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A Bitcoin whale is wagering hundreds of millions on Bitcoin’s short-term decline, ahead of a week filled with key economic reports that may significantly impact Bitcoin’s price trajectory and risk appetite among investors.

A large crypto investor, or whale, has opened a 40x leveraged short position for over 4,442 Bitcoin BTCUSD worth over $368 million, which functions as a de facto bet on Bitcoin’s price fall.

From a Trading View story earlier today, at 40x leverage , WTF ! :eek: :mad:
 
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Gators

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not much upside . ETF is performing much worse than BTC prices.

What is the predicted value of Bitcoin in 2025?


Bitcoin (BTC) Price Prediction 2030
YearPrice
2025$84,225.23
2026$88,436.49
2027$92,858.31
2028$97,501.23
 
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LiveInTorontoPartyInMontreal

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It is very discouraging to plow your life savings into Bitcoin when most chartists and technicians are revising their earlier predictions of 5x and 10x down to average around 1.25x for the peak ! I'd rather take that money and bet it on the LA Dodgers or the Argos at 3x for the championship.
 
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Gators

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mitchell76 said:
Live updates: Fed leaves interest rates unchanged, but forecasts future cuts
Portrait of Daniel de ViséDaniel de Visé
USA TODAY




0:28
1:10





The Federal Reserve took a wait-and-see approach to an uncertain US economy Wednesday, opting to leave interest rates unchanged at the close of its March meeting.
That decision leaves the benchmark federal funds rate parked at a range of 4.25% to 4.5%, where it has sat since December. The Fed has now stood on the economy’s sidelines for two consecutive meetings, dating to January, after an unusually busy period of interest rate increases and reductions over the previous three years.
The Fed also kept its forecast for two cuts in 2025.
"We do not need to be in a hurry to adjust our policy stance," said Fed Chair Jerome Powell during a news conference. Investors and economists will parse his words for commentary on the direction of the economy.
Click to expand...
FED also stated Trump tariffs could have negative impact on economy and will cause inflation to go up.
 
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stinkynuts

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Global liquidity started skyrocketing on Jan 6 and is still rising. It takes 75 days for it to flow into bitcoin historically. 75 days from Jan 6 is tomorrow. Meaning, the next few weeks should see bitcoin skyrocket.

Make sure to take profits on the way up. It may be the last pump. Should last until mid May at least.

ibb.co

IMG-2263 hosted at ImgBB

Image IMG-2263 hosted on ImgBB
ibb.co ibb.co
 
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stinkynuts

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Bitcoin at almost 88k, global liquidity has hit Bitcoin.

Next three weeks will be strong for Bitcoin and alts. Ethereum could double, it’s severely undervalued. The Trumps have loaded up on ETH, that’s telling.

I would buy ethx.b , more upside than Bitcoin etfs. If Bitcoin goes up, Ethereum should too. However, important to sell and take profits on the way up, Or you’ll be left holding the bag. They pump and dump quickly.
 
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sprite09

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most of the pain is over because of FOMC and opex

now just need to wait for April 2 to pass by ... suspect rally to really happen in mid April same with stocks)
 
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