Bitcoin to skyrocket in 2024

LiveInTorontoPartyInMontreal

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Feb 23, 2008
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I watched a technical YouTube on Litecoin LTC earlier and the T/A said this coin has bottomed out multiple times over the past few years. I think it's up over $ 25 today ! :D
 

stinkynuts

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Jan 4, 2005
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In the highly unlikely scenario that Bitcoin doesn’t crack 100k in December, it would be a major red flag. I would definitely sell everything if that were to happen.
 

LiveInTorontoPartyInMontreal

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Feb 23, 2008
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Even before this recent runup, many T/A's calling for BTC to 1.5x to 2x at the most. Last cycle we had a truncated peak at under 70k, everyone calling for 250k to 500k and then a few Black Swan events and rates rising fears cut the BTC cycle short. Ten days ago BTC hit $ 99,650 area, could it be possible that is the peak for this run ? Hope not or we'll meet at the KIA showroom !
 
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rajput

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Sep 19, 2023
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In the highly unlikely scenario that Bitcoin doesn’t crack 100k in December, it would be a major red flag. I would definitely sell everything if that were to happen.
Why does it have to be in December? It could be in January. I don’t get the timeline predictions bro.
 

stinkynuts

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Jan 4, 2005
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Why does it have to be in December? It could be in January. I don’t get the timeline predictions bro.
Bitcoin’s movements are predictable. This is supposed to be the parabolic phase where growth is rapid and there are not prolonged pauses. It should reach a minimum of 120k by the end of the year.

If it doesn’t, that means demand has stalled. This means that no one is willing to buy bitcoin at 100,000 or more, and more and more people will start to sell as the price stagnates and drops, since Bitcoin not continuing its previous pace is extremely irregular and a major red flag.

If by the end of December Bitcoin still has not managed to crack 100k, it’s definitely time to sell everything.
 
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stinkynuts

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Jan 4, 2005
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Even before this recent runup, many T/A's calling for BTC to 1.5x to 2x at the most. Last cycle we had a truncated peak at under 70k, everyone calling for 250k to 500k and then a few Black Swan events and rates rising fears cut the BTC cycle short. Ten days ago BTC hit $ 99,650 area, could it be possible that is the peak for this run ? Hope not or we'll meet at the KIA showroom !
It’s entirely possible we’re at the peak, but not probable. We have to wait and see.

If it is, I will be skipping buying a new car altogether, so unfortunately you will be at the Kia dealership by yourself. 😔
 

stinkynuts

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Jan 4, 2005
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In the chart, select start cycles at: bottom.


The first cycle (blue) peaked exactly at this stage.



This cycle was also unusual in that we reached a new high before the halving, so it’s still possible we are seeing an accelerated cycle.
 
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stinkynuts

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Jan 4, 2005
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Many people who are long-term holders decided to sell at 100k, a nice large even number. Hence the immense selling pressure. It’s normal to stay here a bit longer and even have a small correction,but any prolonged downturn would not be normal.

Of course, anything can happen, and we may consolidate here for a long time before the next leg up, but it would not fit previous patterns.
 
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Robert Mugabe

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Nov 5, 2017
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My initial foray wasn't until Spring this year. I added a little a month or so ago. but looking at the chart, completely missed the boat unless it decides to go to 200%
 
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stinkynuts

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Do you guys use kraken or newton? I'm considering switching from the latter as the spread keeps getting higher.
I use kraken, coinbase, ndax
Sometimes use bitbuy, newton, crypto.com


Rbc keeps blocking etransfers to ndax, such a pain


 
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