Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: James Anderson on December 28, 2023, 02:11:35 PM
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1. January 2024: The approval of a Bitcoin ETF, akin to the GLD (Gold ETF), is a game-changer.
2. February 2024: Following the approval, Bitcoin ETF trading commences, attracting a new wave of institutional and retail
3. March 2024: The potential for the first-rate cut in March 2024 signals a crucial juncture. This move, while typically aimed at stimulating the economy, also suggests caution, hinting at
underlying economic challenges.
4. April 2024: Bitcoin Halving in April 2024, a scheduled event reducing the reward for mining new blocks by half, is anticipated to significantly impact its value.
5. May – November 2024: This period is expected to be marked by further rate cuts and increased liquidity, potentially fuelling more investment in Bitcoin.
6. December 2024: Michael Saylor, the founder of Microstrategy, has highlighted the FASB’s decision to adopt fair value accounting for Bitcoin for fiscal years beginning after December 15, 2024.
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The Bitcoin (BTC) market has played out according to the anticipated plan, reaching 41,650, aligning closely with the expected strong support at 41,400. Bulls swiftly responded, as predicted.
The predictability of recent movements highlights the potential for a more defined trend. The wish here is for a breakdown, facilitating the descent to the projected 41,400 level, providing an advantageous position for bears.
Key Considerations:
- The approaching date for potential ETF approval (around the 10th) might introduce significant market dynamics.
- Expectations include a possible uptick leading to the highest point of resistance before approval, followed by substantial selling post-approval, potentially driving prices to 39K.
Source link: https://www.binance.com/en/feed/post/1942450145465?ref=40034938&utm_campaign=app_share_link
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Two major massive events coming up soon. It's getting closer and closer by the day.
The approval of the spot Bitcoin ETF is likely to commence on the 10th of January, and i doubt if all the approvals are going to be done once. SEC might just be doing this one at a time. with the two events happening within a space of three months interval, the ups and downs would come so quick. Price of Bitcoin would attain a new price after the approval starting from on the 10th. The new price might be very tempting, leading to sales by some holders. Things might then start to take a U turn by March with a decline in price. The possibility of a bullish occurrence might be till the end of the year, or maybe next year.
Just as i have said, everything might as well go the other way. The market can sometimes be unpredictable.
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Nice prediction, its even good to see you Haven't set any value of Bitcoin. Actually when it comes to prediction, people makes Everyone confused cause nobody can predict the accurate value at all. The approval of a Bitcoin ETF could be a game-changer for January, February. But maybe in March, halving may effect the market as well as april and may. Afterwards i think btc will pump gradually and we might have another ath before the 2024 end
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1. January 2024: The approval of a Bitcoin ETF, akin to the GLD (Gold ETF), is a game-changer.
2. February 2024: Following the approval, Bitcoin ETF trading commences, attracting a new wave of institutional and retail
3. March 2024: The potential for the first-rate cut in March 2024 signals a crucial juncture. This move, while typically aimed at stimulating the economy, also suggests caution, hinting at
underlying economic challenges.
4. April 2024: Bitcoin Halving in April 2024, a scheduled event reducing the reward for mining new blocks by half, is anticipated to significantly impact its value.
5. May – November 2024: This period is expected to be marked by further rate cuts and increased liquidity, potentially fuelling more investment in Bitcoin.
6. December 2024: Michael Saylor, the founder of Microstrategy, has highlighted the FASB’s decision to adopt fair value accounting for Bitcoin for fiscal years beginning after December 15, 2024.
I think that the most important for us is the fifth point ( 5. May - November 2024 ) this is when the growth of cryptocurrencies should begin, but it is better to buy them in advance, then no one will wait for us)).
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The possibility of a bullish occurrence might be till the end of the year, or maybe next year
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Yeah yah right there will be a great bullish next year, but it might occur more in 2025 after the decline in price in Btc due to the halving.
Nice prediction, its even good to see you Haven't set any value of Bitcoin. Actually when it comes to prediction, people makes Everyone confused cause nobody can predict the accurate value at all. The approval of a Bitcoin ETF could be a game-changer for January, February. But maybe in March, halving may effect the market as well as april and may. Afterwards i think btc will pump gradually and we might have another ath before the 2024 end
No one can tell the exact price or the new ATH Bitcoin will hit during the bullish, most people already predicting that Bitcoin might hit the price range of $100k. But still no one knows it might end up going higher than that. But all know that Btc gonna create a new ATH. :D
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No one can tell the exact price or the new ATH Bitcoin will hit during the bullish, most people already predicting that Bitcoin might hit the price range of $100k. But still no one knows it might end up going higher than that. But all know that Btc gonna create a new ATH. :D
All because it's like guessing at the coffee grounds)) no one really knows what the price will be, that it will be 100 thousand dollars it will definitely reach this mark, but I think it should cost more and in the moment even very much 200-300k
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1. January 2024: The approval of a Bitcoin ETF, akin to the GLD (Gold ETF), is a game-changer.
There is no indication that the GLD was - price wise - a game-changer, i.e. that the GLD pushed the gold price higher.
E.g. in the last 3 years there is an inverse correlation between GLD inflows/outflows vs. gold price: gold price increased while GLD outflows > inflows (= GLD shares selling > buying)
https://en.macromicro.me/collections/45/mm-gold-price/712/spdr-gold-trust-etf-gold-price
In general, if you look at the all time period of that chart, you can see that GLD inflows/outflows followed gold price movements.
That means GLD shares buying was not the cause of gold price increases but the effect thereof - and conversely, GLD shares selling was not the cause of gold price decreases but the effect thereof.
If the BTC ETF follows the same pattern, it'll have no impact on the BTC price.
Imo
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Nice prediction, its even good to see you Haven't set any value of Bitcoin. Actually when it comes to prediction, people makes Everyone confused cause nobody can predict the accurate value at all. The approval of a Bitcoin ETF could be a game-changer for January, February. But maybe in March, halving may effect the market as well as april and may. Afterwards i think btc will pump gradually and we might have another ath before the 2024 end
It's funny how people predict the price of Bitcoin as if they control the Bitcoin, it is only what is control one can easily make predictions, even the ones control are not that easy to control not talk more of assets like Bitcoin that you can wake up as and see it at $50k, that is how it is even with the speculation going around about ETF rejection, I think it will be accepted but maybe after the halving time. Who knows if the SEC is not trying to manipulate the price of Bitcoin and that is why they haven't approved it yet but it is going to be perfect after halving as a catalyst for a bull run.
Usually, a Bullrun happens after the halving, the price roar we are experiencing is not even a Bullrun yet, the main bull run is going to happen later when the halving finishes and we will all celebrate the joy of waiting and holding this period because, in all halving, history usually shows that bitcoin use to find a new discovery price and will continue until the trend wears off.
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I hope that things develop that way, because mainly when it comes to things like, for example, a great Fundamental, this chronology can be affected, not invalidated but affected because it does not meet the standards that we always seek, personally we always seek to do things that they can be very good so that they can be established, depending on when we are making any kind of progress with respect to things that can be of Bticoi such as the banning of ETFs, which I hope is the case and the SEC does not continue looking for more obstacles Well, everything is fine, and if above all the war is a little less important, then it is something that will benefit us all, for that reason is that we will always seek to ensure that this chronology advances without problems.
Although we are not fortune tellers, I hope that in the world things go more smoothly, for everything, for opportunity and for anything that can be done so that the price achieves its goal, in fact for me this will be the year of BITCOIN .
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We have seen many events happening each year but almost rare of those really brings best result instead many of those events have been used by manipulators to shaken the market .
now that you have mentioned many upcoming events , let me ask is if how many of those will really give us profit if we invested in bitcoin today?
or this will likely to hold for a year again or much longer?
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We have seen many events happening each year but almost rare of those really brings best result instead many of those events have been used by manipulators to shaken the market .
now that you have mentioned many upcoming events , let me ask is if how many of those will really give us profit if we invested in bitcoin today?
or this will likely to hold for a year again or much longer?
If ETFs are not accepted (which is possible), what returns can we talk about? Same with halving. All the users, waiting for manipulation, and who says it will happen? You won't get an answer from anyone. And those who promise you will probably not do what they themselves write.
- Nothing happened during the last halving. That's the answer if anyone thought bitcoin brought +40% in a day. Manipulated when we are not ready. A basic law of any market. + Try to trust less in obscure sources (publicks in telegram + google news). 8)