In the past week ETH has dumped more than BTC and is having a nice catchup day % wise . . . Great sign for the market ! 
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
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I spoke too soon, ETH gave back all of it's gains. UGH !In the past week ETH has dumped more than BTC and is having a nice catchup day % wise . . . Great sign for the market !
Big resistance zone at $ 64,886 and if you were watching BTC on a small timeframe like 1 mins, you can see BTC bounce off the 500 , 600 and 700 marks with all the front run orders already set. Blast through on the 2nd run ? Post FED mins it looks like BTC was going to go parabolic until it hit this area $ 64,792 . . . Many call T/A total BS, but many pro traders always end up drawing similar charts and support/resist marks . . .
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Blasts ahead on the 2nd try. Agreed. I think most BTC traders use the old ATH and not the 73,835 new one .
If we break resistance at 69k then I think we're going to go much higher, in the 80's at least. Whether we hit 69k by the end of this week is 50/50, but momentum seems to be on our side.Do you think we'll hit 69k + by UTC traders day end ( 8pm EST ) ??
Would be nice even though I sold sold yesterday! I still have some left
I made the mistake of selling after the ETFs launched and Bitcoin fell significantly. Instead, I should have doubled down. I stayed throughout this downturn, but had no cash left to buy the dip. Keep it in there for a while, it should be interesting.
I thought I was 50% down but looking at it today a bit closer I was about 75% down but just held on to it. Didn't have interest in doubling down since I know nothing about this stuff and it was just a punt/FOMO. For the 30% I sold yesterday I only made 20% over 3 years! So about 6.5% for each year I held it. Still have 70% of it left.
Before I take a leak or have my 1st cup of coffee, I grab my phone and check the crypto market . . .. Such a bad habit . . . .
Looks like we'll be bouncing around the 60k range for a while. Keep getting rejected at around 68k.
I do this too but then I smoke a cigarette. 2 if it’s a red day.Before I take a leak or have my 1st cup of coffee, I grab my phone and check the crypto market . . .. Such a bad habit . . . .
I don't watch daily, but I bought in a little more than a year ago for $5K, just dabbling, and that was sitting at $12K as of a couple weeks ago. Looks like it has retreated some, but I'm just leaving that money in there. I basically wrote off that $5K, so mostly I just see upside potential. I consider it an educated bet.
The sudden pump from 50k to 74k threw me for a loop. Thought this would be an accelerated cycle, with a quick peak, especially since we hit ATH before pre-halving.
Looks like it is shaping up to be typical of the previous three cycles. This means that Bitcoin will be somewhat flat until a couple months after halving, and then start to take off. One year after halving, it should hit the first peak, and in the fall, the new all time high. Between now and June, we could see lots of volatilty both ways still.
Looks like it is shaping up to be typical of the previous three cycles. This means that Bitcoin will be somewhat flat until a couple months after halving, and then start to take off. One year after halving, it should hit the first peak, and in the fall, the new all time high. Between now and June, we could see lots of volatilty both ways still.
yep, as i mentioned...just stack your bags during this time before the next leg up (accumulation phase)
the next leg up after halving is like 2-3 months after, so expect the next move to be sometime in the summer (halving is next month)
only way it goes higher sooner is due to some fundamental news, such as some sovereign fund or big pension fund is going to buy bitcoin
