Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
No one knows, but 85k seems possible.
There will be a runup towards inauguration soon though.
Bitcoin will pump after Trump is inaugurated and the hype surrounding his pro crypto policies reaches a peak.
Then there will be a correction. I will dollar cost out before this correction, then just play out my alts.
February is the second best month of the year, almost every February has been positive. Next few weeks should see bitcoin approaching 120k+
Then there will be a correction. I will dollar cost out before this correction, then just play out my alts.
February is the second best month of the year, almost every February has been positive. Next few weeks should see bitcoin approaching 120k+
Big boys crash it the day before, let it trade dirt cheap, cover their shorts and take a long position and then ride it back up. Rinse and repeat, what else is new ?
What will Bitcoin do today ?
What will Bitcoin do today ?
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100% manipulated. As always the pump happens in the middle of the night too.Big boys crash it the day before, let it trade dirt cheap, cover their shorts and take a long position and then ride it back up. Rinse and repeat, what else is new ?
What will Bitcoin do today ?
Most likely Bitcoin will continue to rise with lots of volatility into February, reaching over 120k.
Up to this point, I have been pretty confident and accurate in the general movement of Bitcoin, as it's followed previous historical cycles pretty closely up to this point.
However, what happens after February is unclear, as the previous cycles have differed.
If it follows the 2016/17 cycle, Bitcoin will continue to steadily go up until fall 2025, possibly reaching 200k.
If it follows the 2020/21 cycle, Bitcoin will peak in March, then have a dramatic drawdown, and then recover and match the March peak in the fall.
No one knows what will happen. Macroeconomic factors and global liquidity will play a role. Also, Trump's actions, such as whether he implements the strategic bitcoin reserve, and enacts other policies, will also be a huge factor. Everything is completely up in the air after February, and that's why I'm not going to risk it. Bitcoin could crash hard, there may be a black swan event. Last cycle, we had FTX, this cycle could be Microstrategy. Michael Saylor is diluting shares and continuing to buy massive amounts of Bitcoin using leverage. I think a crash in Bitcoin could lead to a cascading effect, and lead to Microstrategy going under, causing Bitcoin to crash even more.
