Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
At 3pm EST today, there are tons of > $100k BTC Option Calls about to expire unless the Bulls can rally big time , soon !
Nice Santa Claus rally. Hoping for 120-130k by inauguration and when I exit. Will have doubled my money.
This is not a shot, just curious, there are hundreds of assets to park your money in to 2x - 5x, why choose crypto that's so frustrating to trade/follow and it's possible
the bottom can fall out at anytime ? Are you good at musical chairs and running to exits ?
Three reasons:This is not a shot, just curious, there are hundreds of assets to park your money in to 2x - 5x, why choose crypto that's so frustrating to trade/follow and it's possible
the bottom can fall out at anytime ? Are you good at musical chairs and running to exits ?
1)Bitcoin, to me, is the safest of all cryptos. With greater rewards with alts, there is more risk. Just look at how eth has underperformed, or how Shiba and other alts have just crashed. BTC is predictable and stable.
2)I can purchase BTC ETFs. Since I am investing a rather large sum, I enjoy the security and peace of mind, knowing that it can't be hacked, or that an exchange may go bankrupt, or I may lose my keys.
3)BTC gains are all tax free, since I can purchase the ETFs in a TFSA or tax-deferred, since I am also using my RRSP.
4)I have the option of using some of my gains to rotate into alts when alt season starts. BTC is where the seed money is made.
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We’re at the end of the 60 day cycle, where the beginning and end of the cycle are the lowest points. Bitcoin will make a comeback in the next few weeks.
whaleportal.com
Bitcoin cycles - Whaleportal
Bitcoin tends to go through different market cycles like the 4-year cycle or 60-day cycle. On this page, we're tracking the different Bitcoin cycles including the Bitcoin 4-year cycle.
whaleportal.com
If BTC stays under 100k for a few months, I think this cycle is near it's end if we don't blow by like 110k and consolidate for a few weeks there.
If BTC remains below 100k for another month, this cycle is 100% done
A lot of YouTuber promoters calling for 200 to 300k by summer of 2025, I don't see it ! You can see when BTC approaches 95 to 96k , the bears pounce and whack crypto back down.
stop being newbs
the cycle is near the end when we have alt season ..which is triggered when eth makes a new ATH
the issue is pretty much everyone wants it, which shows how heavy people are in alts and why the sentiment is relatively bad despite BTC being near 100k
when eth will make a new ATH? not sure...it's got work to do..if you look at the eth/BTC chart, I see a potentially double.bottom forming (bullish) , but how long it'll take to break out..nobody knows ...q4 at the latest is my best guess
the cycle is near the end when we have alt season ..which is triggered when eth makes a new ATH
the issue is pretty much everyone wants it, which shows how heavy people are in alts and why the sentiment is relatively bad despite BTC being near 100k
when eth will make a new ATH? not sure...it's got work to do..if you look at the eth/BTC chart, I see a potentially double.bottom forming (bullish) , but how long it'll take to break out..nobody knows ...q4 at the latest is my best guess
I think there was a crypto options expiry at 3pm EST , I'm sure there would of been tons of $ 98 - 108k call expirations and tons of put expirations of 100k to 90k area. The bulls must have slightly won the tug of war this time around.
It’s the start of the next 60 day cycle. Probably hit around 120k around inauguration time, then a correction.
