Start January month 2024 year:
Since 2024 is the halving year, we can see evidence of how much Bitcoin price can improve as early as January. On January 1st, Bitcoin price went up to 45.8k. So is Bitcoin likely to improve further in this halving year?
Express your opinion.....
Based on past records, I think "yes" is the appropriate answer, judging from all that has happened in all the past halving, bitcoin always reaches a new all time highs, and as we all know, the halving is coming up by April this year, so, for me, I don't think this year will be different from other years in negative terms.
A new all time high for bitcoin is imminent, coupled with the current activities in the market, and this is talking about the bitcoin spot ETF approval, this I believe is also one of the catalyst that could make or mar our much expected bull run this year, the approval of the spot ETF could act as a fuel, which could drive the price of bitcoin to a new all time high even as faster than any of us have imagined.
But the rejection of the bitcoin spot ETF again could completely mar, or destroy our much expected bull run.
So, what should be do then? Well, nothing actually, just buy more bitcoin and be ready for anything, keep your fingers crossed 🤞 and just watch the market.