BTC - an important message for 2024

アップデート済

Crypto market is closing a successful year 2023. Many exciting news are waiting for us in 2024: the potential green light for Bitcoin ETF approvals and the eagerly anticipated 4th halving in April. These milestones are anticipated to catalyze a bullish surge in BTC prices. For long-term view on BTC, please refer to my analysis in the link below.

Markets, by nature, experience corrective phases. If we take a look into two previous cycles (2016 and 2020 with halving events), in monthly TF, BTC recovers aproximately 50% (Fib. 0.5) when the cycle' bear market ends. After that, a big correction of around 40%-50% also happens before the bullrun starts.

Will history repeat itself in the coming months as BTC sits at the Fib 0.5 level, equivalent to a 50% recovery post-bear market?

It's important to keep in mind that this analysis isn't a call to "sell" but a prudent reminder to resist FOMO and brace for potential corrections if they materialize.

Wishing you all the best for the upcoming year, 2024!

ノート

We should not ignore the dips which happens several time before the real bullrun (starting after halving). Today's sell-off (BTC -8%, alcoins -20% is an exemple)

ノート

BTC continues to decline. I hope that my new-year message was noticed. Be careful and prepare for more dips but actually they're good opportunities to accumulate your favorite cryptos: