Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
there's mt gox and Germany selling BTC fud.
but , who said that it was supposed to parabolic? period of accumulation, ranging from 60 to 70k, and accumulation happens after every halving.
this reminds me of 2023 when it was chopping around within a range for like the entire year until Q4 when it suddenly ripped .
my guess is October is when things get crazy (based on history) and might see a mini-alt season due to the Ethereum etf hype over the summer (like the defi summer of 2020).
My guess is that the September rate cut will br the catalyst that pumps it into the 80s. Then the resolution of the election. I think a Trump victory could catapult btc well over 100k, and next spring or fall will be the peak at 150-200k. But no one knows. I haven’t freaked out yet but I’m getting there.
you're already seeing alts showing strength despite BTC dumping
i think it'll go up regardless what the Fed does... the cycle timeline thus far is similar to previous cycles
Maybe, but at the same time it’s been extremely sensitive to the Fed’s actions this cycle
disagree
markets have continued to rip despite elevated rates ..the Fed hasn't cut at all!
presidential year, presidential rally
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It’s gonna be a Santa Claus rally. You know what they say, sell in May and go away. Bitcoin will hit correction with the tech stocks, it’s about to happen.
There is going to be heavy selling pressure once Mt. Gox starts paying back the lost Bitcoins, up to $9 billion! A ton of Bitcoin was lost and their value has skyrocketed since then. I doubt the victims will start selling and cash in, they will probably hold. But some are saying Bitcoin could go to as low as 45k. I thought about selling and buying back in after July, but timing the market is hard. Hopefully, a lot of this forecasted drop has already been priced in.
mt gox fud when BTC was 100, 18k , and 60k... it's a nothing burger
keop stacking your bags... don't be on the sidelines, you'll get left behind
I know there aren't too many good T/A and chartists blogging on Social Media these days since they've been wrong a lot in the last 2 crypto cycles. But some are calling BTC $ 53,510 ( July 5, 2024) to be the very bottom of this post halving crash. I thought $ 56,500 was the "bottom". Any thoughts ?
I think 53k was the bottom, with all the fud over.
It’s like we climbed uphill forever and now it’s downhill easy money from here.
- loosening of monetary policy
-election resolution
-ethereum etfs
-historical cycle
-bitcoin etfs with much greater audience and institutional investments
-social media hype
I think since we’ve been artificially suppressed for so long, the upswing is going to be violent. Bitcoin to double from 70k to 140k in just a few weeks, as history suggests.
it was the bottom
2nd biggest liquidation (after ftx) and extreme fear ...basically same vibes after the ftx collapsed ...eg masses were waiting for 12k or lower BTC even though it was 15k ..never happened .
masssss were waiting for 52k or 48k BTC when it was briefly 53.5k to 55k ..not gonna happen barring a negative black swan
fyi we had a black swan ..trump shooting, but in this case it benefitted markets
2nd biggest liquidation (after ftx) and extreme fear ...basically same vibes after the ftx collapsed ...eg masses were waiting for 12k or lower BTC even though it was 15k ..never happened .
masssss were waiting for 52k or 48k BTC when it was briefly 53.5k to 55k ..not gonna happen barring a negative black swan
fyi we had a black swan ..trump shooting, but in this case it benefitted markets
Bitcoin heading toward 65k already, from 57k just a couple days ago. If it breaks ATH of 73k, then it's off to the races.
Trump could be catalyst for rise in bitcoin and if he is elected. I see bitcoin will surge.
I just can never get off the fence with Bitcoin... In the back of my mind, I keep hearing that it is backed by nothing...
It isn’t. Neither is the dollar.
All I care about is whether it’s a good investment.
The answer is absolutely. 100-200 percent return in the next year is probable. It follows a predictable pattern every four years.
