Bitcoin (BTCUSD)

[Strategyone]

Just kidding on the best post...

I do like logic and appreciate any backed analysis or projection.

I have been following bitcoin since about 2015. I follow the cycles carefully but don't bank on them. To me, this seems a little early for the 2024 halving cycle ramp up. I was expecting this to take a healthy pull back to around $25k if it mimicked the pre-halving in 2020. Using logic, I think the recently approved ETF's are messing with the historical patterns and providing more support than the past. I also see the new Wall Street money may dampen the upside after the halving too but not by much. It may actually do the opposite as the FOMO may be exaggerated if you think of the new inflow of let's just say 3% of the $17 trillion in portfolios managed by those brokers.

I still see this years peak to be in the fourth quarter so lots of room to run.