Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
A great video explaining what happened.
Most likely liquidation of over leveraged market rather than hawkish Fed.
The market will rebound higher in a couple of weeks.
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Bears going to take BTC down to the Dec 10th area of around $ 94,500 it looks like on my charts. I should really learn to skew my charts to look more bullish. UGH !
seems like normal price action for bitcoin
131% YTD isn't enough?
131% YTD isn't enough?
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A lot of T/A's and chartists are saying that BTC and ETH's bull cycle had ended just recently and a new bear is going to start prematurely ( like my cock ), any believers or do you still feel there's 1 more year to go in this bull ?
The bottom line is that anything is possible.
In the end though, the most important factor is global liquidity. How much money and credit is available. If there is a lot, people will put it into risky assets to try to make as much as possible.
Jerome Powell yesterday warned that there may be problems ahead with the labor market.
We all know what happens when the fed starts to tighten.
Having said that, it seems more likely that we haven’t peaked yet. I will be out entirely out of Bitcoin before the next cpi reading and Trump gets inaugurated. After that, the risk/reward just isn’t there. I will play out my alts though, they should peak in Feb->April.
The last cycle was fueled by an insane amount of global money being pumped in due to covid. That fueled the second peak in the fall.
However, without all that stimulus, there likely would never have been the second peak, and the bull run would have ended in the spring.
It’s quite likely that this bull run could end in the spring, as there will be nowhere near as much global stimulus this time around.
However, without all that stimulus, there likely would never have been the second peak, and the bull run would have ended in the spring.
It’s quite likely that this bull run could end in the spring, as there will be nowhere near as much global stimulus this time around.
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Tomorrow PCE will be reported.
PCE will be fine and markets will rally, making up some of the losses.
Bitcoin will also rally, crossing 100k
PCE will be fine and markets will rally, making up some of the losses.
Bitcoin will also rally, crossing 100k
I'm not so sure about that, earlier this am I saw BTC at $ 92,085 area . . . . 
I think Bitcoin will follow 1 of 2 scenarios from here:
Scenario 1)
Bitcoin will recover to around 105,000, and people will start to fomo and leverage in, falling for the trap. That's when they dump again, plunging Bitcoin into the high 80's. From there, they buy the discounted bitcoin, and in early January the next leg up begins, bringing Bitcoin up over 110k.
Scenario 2)
Bitcoin historically has a Santa Claus rally one week before and after New Year's. After the rally, it's possible that a correction will happen before moving up.
Scenario 1)
Bitcoin will recover to around 105,000, and people will start to fomo and leverage in, falling for the trap. That's when they dump again, plunging Bitcoin into the high 80's. From there, they buy the discounted bitcoin, and in early January the next leg up begins, bringing Bitcoin up over 110k.
Scenario 2)
Bitcoin historically has a Santa Claus rally one week before and after New Year's. After the rally, it's possible that a correction will happen before moving up.
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