Post
Topic
Board Speculation
Re: Heading into 2024 crypto year: what are your hopes and fears?
by
BitcoinsGreat
on 11/01/2024, 15:12:39 UTC
Nobody can tell for sure what will happen or of we will break the immense psychological resistance of 100k, but we can talk about hunches or sentiment.

Taking into account the news about incoming ETFs, the halving in the next months, the price action of 2023 and the pattern of cycles that repeat every 4 years approximately, I am quite optimistic for Bitcoin, and I'm almost sure that if Bitcoin takes off, many alts will have an incredible ROI, especially low caps.

We could lose it all too, the future is uncertain by nature, so I would avoid going all-in too, not to get our fingers burnt.

From what i observed yesterday night, I think there is every possibility that BTC would touch $100k or above if the BTC spot ETF is approved, BTC rose to $48k last night after a fake rumor of SEC approval hit the net before retracing back to $45k after it was observed the news was fake. It is now clear to me that the approval will definitely impact the price action but would BTC dip below $20k if it is rejected, that's the question i haven't gotten answer to

About this, we cannot ask anything because nobody knows what is the feature of Crypto Currency but at least we can share our advice. If we look back so in December of 2023 Bitcoin increased its price by 12.6 percent so I think in January Bitcoin rates will come down, and if the rate of Bitcoin came down so I think it is the best opportunity to buy because I think after January again go up.