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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":256990671142984,"tweetId":"256990671142984","gmtCreate":1703775758474,"gmtModify":1703842581857,"author":{"id":3582275262542916,"idStr":"3582275262542916","authorId":3582275262542916,"authorIdStr":"3582275262542916","name":"Niskil","avatar":"https://static.tigerbbs.com/3d821197376b8de089c968ce5f016703","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":27,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>I'll say that BTC will momentarily break $50k, but edge down just below $50k at the end of Jan.&nbsp;\nAnalysts 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.&nbsp;\nTherefore, after a brief euphoric spike after approval, the market will take a stocktake of the situation and ask \"what now\".&nbsp;\nAs a result, i believe the market will then trend down back to the strong support around 42k-44k level.&nbsp;\nWith 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 &nbsp;</body></html>","htmlText":"<html><head></head><body>I'll say that BTC will momentarily break $50k, but edge down just below $50k at the end of Jan.&nbsp;\nAnalysts 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.&nbsp;\nTherefore, after a brief euphoric spike after approval, the market will take a stocktake of the situation and ask \"what now\".&nbsp;\nAs a result, i believe the market will then trend down back to the strong support around 42k-44k level.&nbsp;\nWith 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 &nbsp;</body></html>","text":"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","highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/256990671142984","repostId":0,"isVote":1,"tweetType":1,"viewCount":913,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["COIN","GBTC"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":553,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/256990671142984"}