crypto will rally then correct before or after inauguration
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
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crypto will rally then correct before or after inauguration
Retracements during a bully cycle are the norm, but I always find it hard to stomach since my positions are naked and not hedged one cent. The pullbacks could be 20%, 30% and up to 40% max, the following are the approximate BTC levels at : 20%: $ 81,640 , 30%: $75,800 & 40%: $ 64,980. Are we still in the bull cycle or a new bear ?
Absolutely. The inauguration will be a pivotal point. Bitcoin will rally up to the inauguration and maybe a few days after. It will then dump hard, maybe 30 percent.
I saw this current dump coming, it has happened in the previous two cycles. But I largely held through it since it was going to relatively minor.
I will be out almost entirely out of bitcoin just before the inauguration. But play out my alts.
If bitcoin follows the 2017 cycle, the dump will happen right before the inauguration, if it follows the 2021 cycle, it will happen one week after the inauguration.
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We are still in the bull cycle, but don’t believe the hype about how strong this market is and how it’s going to be a super cycle.
The theoretical peak, if it follows mathematically from the previous cycles is 120,000, due to diminishing returns.
We are in the middle of the parabolic phase and have only gone from 65,000 to 93,000. This, despite the most bullish economic, political and regulatory backdrop ever. With hundreds of billions from ETFs and Michael Saylor buying like crazy.
There is absolutely no way btc is hitting 500k like some are saying. Not even 200k.
Maybe 120-160k at the most. Meanwhile there could be a black swan event that could cause btc to crash. Microstrategy is doing something extremely risky and a crash in btc could cause a cascading effect, where Microstrategy is ultimately forced to sell its bitcoin and bitcoin just tanks. People are really complacent and so sure that this will be the biggest bull run ever right now, but it’s when people are most complacent and think nothing can go wrong that things do.
After alt season is done this spring, I’m out of crypto for good. Holding until the end of the year, hoping bitcoin will hit 200k isn’t worth the risk. There are far safer alternatives.
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Trump’s inauguration may trigger crypto sell-off, says Arthur Hayes
Cryptocurrency market commentators and observers have predicted positive market trends associated with United States President-elect Donald Trump’s inauguration in January 2025, but BitMEX co-founder Arthur Hayes has a different perspective.Hayes cautioned against the high expectations of quick cry…
www.tradingview.com
If you want to know where btc is headed, polymarket has been the most accurate indicator, not stupid analysts
polymarket.com
polymarket.com
polymarket.com
What price will Bitcoin hit in December?
Polymarket | This market will immediately resolve to "Yes" if any Binance 1 minute candle for Bitcoin (BTCUSDT) between December 2, 2024, 00:00 and December ...
polymarket.com
What price will Bitcoin hit by March 31?
Polymarket | This market will immediately resolve to "Yes" if any Binance 1 minute candle for Bitcoin (BTCUSDT) between December 12, 2024, 16:00 and March 31...
polymarket.com
Will Bitcoin hit $250k in 2024?
Polymarket | This market will resolve to "Yes" if Bitcoin (BTC) reaches a price of 250,000 or greater according to Binance by December 31, 2024, 11:59 PM ET....
polymarket.com
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BTC dominance is dropping
lol, some people thinking we're close to a bear market or in one is hilarious ...look at btcs price...NINETY THOUSAND
crypto AND the stock market will top out in the 6 to 12 months
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.
