From the beginning of 2024 until mid-spring, the cryptocurrency market is likely to be in a slow uptrend, just as it has happened in past cycles. In March-April 2024, the Bitcoin halving will take place, which will definitely awaken the market and lead to increased volatility (sharp price jumps). Past cycles also suggest that a local price rise should be expected during this period. Potential rise levels: $48 – $50k. Also note that in both scenarios, the price has returned to the initial values of growth. June – September 2024 – during this period of the market, we can predict the growth and assault of Bitcoin's all-time highs: $69,000. Currently, we should also expect an upswing in terms of the news background. Recently, most of the world's investment funds have been applying for Bitcoin ETFs. Perhaps, at this time, we should expect positive news related to this event. At the end of 2024, Bitcoin could reach the $100,000 mark (a key psychological level). This, in turn, will lead to uncontrollable market mania. You'll notice how the media will start talking en masse about Bitcoin and the cryptocurrency market. A huge mass of beginners, complete zeros in trading and investments, will start running to the market and investing their savings. At this time, large players (whales) will massively sell their cryptocurrency to retail players. Be careful, the end is near. #GatePost #GateLive #ContentStar #BountyCreator
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#Do you think the bottom is in?
From the beginning of 2024 until mid-spring, the cryptocurrency market is likely to be in a slow uptrend, just as it has happened in past cycles. In March-April 2024, the Bitcoin halving will take place, which will definitely awaken the market and lead to increased volatility (sharp price jumps).
Past cycles also suggest that a local price rise should be expected during this period. Potential rise levels: $48 – $50k. Also note that in both scenarios, the price has returned to the initial values of growth. June – September 2024 – during this period of the market, we can predict the growth and assault of Bitcoin's all-time highs: $69,000. Currently, we should also expect an upswing in terms of the news background. Recently, most of the world's investment funds have been applying for Bitcoin ETFs. Perhaps, at this time, we should expect positive news related to this event.
At the end of 2024, Bitcoin could reach the $100,000 mark (a key psychological level). This, in turn, will lead to uncontrollable market mania. You'll notice how the media will start talking en masse about Bitcoin and the cryptocurrency market. A huge mass of beginners, complete zeros in trading and investments, will start running to the market and investing their savings. At this time, large players (whales) will massively sell their cryptocurrency to retail players. Be careful, the end is near.
#GatePost
#GateLive
#ContentStar
#BountyCreator