I'll say that BTC will momenta

2023-12-28

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

Will BTC Break $50,000 in Jan.?

Bitcoin and crypto concept stocks have been climbing recently, with Bitcoin breaking $45000 on 2 Jan, and stocks like MARA and MSTR up 800% and 370% respectively . ----------------- With SEC approval expectations on 10th Jan., will BTC break $50000 after SEC approves spot ETF? What's your target price for BTC in 2024?

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