I'll say that BTC will momentarily break $50k, but edge down just below $50k at the end of Jan. Analysts agree on high probability of BTC RTF approval by early Jan. However, i believe that this has largely been priced in by the market. It will likely be a sell the news events. Therefore, after a brief euphoric spike after approval, the market will take a stocktake of the situation and ask "what now". As a result, i believe the market will then trend down back to the strong support around 42k-44k level. With halving expected to happen around April, the market will then trend gently upwards, still falling short of the previous ATH at around $69k level before halving
BUY!!! Tailwind: 1) Lots of institutions r waiting on the sideline to dip their toes in BTC. This wave will arrive once BTC ETFs are approved to provide a sanctioned, legitimate and convenient way to ride this bull wave. 2) BTC halving estimated in Apr 2024 will further reduce the supply of BTC until the next halving. Being a disinflationary currency, supply gets more n more limited while demand gradually increases, making halving a historically bullish event. 3) The long crypto winter has shaken out the weak hands, causing them to capitulate. majority of the holders of BTC will not sell their BTC until close to the previous all time high, further reducing the available supply of BTC, driving the price up. 4) Macro-economic conditions are favourable for risk-on assets such as B