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Bitcoin to skyrocket in 2024

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stinkynuts

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rajput said:
The notion of predictable cycles just doesn’t make sense to me. There would be no reason to invest in anything else.
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Exactly. That’s why I’m all in.

I’m just speechless that you STILL refuse to believe that bitcoin follows a predictable cycle, after showing dozens of videos that show that it does. What more evidence do you need?

Am I missing something? How can people be so stubborn? I’m done arguing with you.

People can make up their own minds.

 
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sprite09

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keep it simple, guys

BTC is obviously consolidating, and everyone who's sidelined is hoping for an enormous correction that WONT happen..

alts playing a bit of catch up....when BTC rips, eventually Ethereum will go on a tear and hit new highs, then alts will follow.

timeline wise i don't know, but again, when eth makes a new ATH , that is when you should start dollar-cost averaging OUT
 
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stinkynuts

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BTC is 100% consolidating for the next leg up. Next surge is going to take BTC to around 115,000 to 130,000


ETH, however, is behaving unusual this cycle. Large caps such as Cardano, Solana, Doge and Ripple are outperforming ETH.

Not sure if it will be the best indicator of peak this cycle. It might not even reach an ath this cycle, or if does, timing could be off. Still, I will keep an eye out for ETH reaching new ath. That would most likely signal the beginning of the end.

Timing was, three scenarios for peak:

1)Fall 2025 (likely)
2)Spring 2025 (possible)
3)December 2024 (unlikely but possible)

sprite09 said:
keep it simple, guys

BTC is obviously consolidating, and everyone who's sidelined is hoping for an enormous correction that WONT happen..

alts playing a bit of catch up....when BTC rips, eventually Ethereum will go on a tear and hit new highs, then alts will follow.

timeline wise i don't know, but again, when eth makes a new ATH , that is when you should start dollar-cost averaging OUT
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LiveInTorontoPartyInMontreal

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I watched a technical YouTube on Litecoin LTC earlier and the T/A said this coin has bottomed out multiple times over the past few years. I think it's up over $ 25 today ! :D
 
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stinkynuts

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In the highly unlikely scenario that Bitcoin doesn’t crack 100k in December, it would be a major red flag. I would definitely sell everything if that were to happen.
 
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LiveInTorontoPartyInMontreal

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Even before this recent runup, many T/A's calling for BTC to 1.5x to 2x at the most. Last cycle we had a truncated peak at under 70k, everyone calling for 250k to 500k and then a few Black Swan events and rates rising fears cut the BTC cycle short. Ten days ago BTC hit $ 99,650 area, could it be possible that is the peak for this run ? Hope not or we'll meet at the KIA showroom !
 
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rajput

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stinkynuts said:
In the highly unlikely scenario that Bitcoin doesn’t crack 100k in December, it would be a major red flag. I would definitely sell everything if that were to happen.
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Why does it have to be in December? It could be in January. I don’t get the timeline predictions bro.
 
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stinkynuts

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rajput said:
Why does it have to be in December? It could be in January. I don’t get the timeline predictions bro.
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Bitcoin’s movements are predictable. This is supposed to be the parabolic phase where growth is rapid and there are not prolonged pauses. It should reach a minimum of 120k by the end of the year.

If it doesn’t, that means demand has stalled. This means that no one is willing to buy bitcoin at 100,000 or more, and more and more people will start to sell as the price stagnates and drops, since Bitcoin not continuing its previous pace is extremely irregular and a major red flag.

If by the end of December Bitcoin still has not managed to crack 100k, it’s definitely time to sell everything.
 
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stinkynuts

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LiveInTorontoPartyInMontreal said:
Even before this recent runup, many T/A's calling for BTC to 1.5x to 2x at the most. Last cycle we had a truncated peak at under 70k, everyone calling for 250k to 500k and then a few Black Swan events and rates rising fears cut the BTC cycle short. Ten days ago BTC hit $ 99,650 area, could it be possible that is the peak for this run ? Hope not or we'll meet at the KIA showroom !
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It’s entirely possible we’re at the peak, but not probable. We have to wait and see.

If it is, I will be skipping buying a new car altogether, so unfortunately you will be at the Kia dealership by yourself. 😔
 
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stinkynuts

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In the chart, select start cycles at: bottom.


The first cycle (blue) peaked exactly at this stage.


www.bitcoincyclescomparison.com

Bitcoin Cycles Comparison

Comparing the performance of Bitcoin across different halving cycles
www.bitcoincyclescomparison.com

This cycle was also unusual in that we reached a new high before the halving, so it’s still possible we are seeing an accelerated cycle.
 
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stinkynuts

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Many people who are long-term holders decided to sell at 100k, a nice large even number. Hence the immense selling pressure. It’s normal to stay here a bit longer and even have a small correction,but any prolonged downturn would not be normal.

Of course, anything can happen, and we may consolidate here for a long time before the next leg up, but it would not fit previous patterns.
 
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Robert Mugabe

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My initial foray wasn't until Spring this year. I added a little a month or so ago. but looking at the chart, completely missed the boat unless it decides to go to 200%
 
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