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cherif100
Dec 29, 2023 10:59 PM

BTCUSD 2024 cup and handle  Long

Bitcoin / TetherUSBinance

Description

The new year is filled with economic challenges


1. **Economic Slowdown:**
- May lead to lower company valuations and market declines due to reduced revenues and profits.

2. **Inequality:**
- Can weaken consumption demand and investments, affecting stock markets.

3. **High Debt Costs:**
- Elevated debt costs can hinder companies and governments from investing, putting additional pressure on markets.

4. **Central Bank Policies Impact:**
- Changes in interest rate policies affect currency values and direct the flow of funds.



we expect a corrective wave to 35k - 32k until june or even july
we expect "The U.S. Federal Reserve will begin reducing interest rates in July."
we will see money flow in the market again , btc will start a big bullish wave also alts ( maybe this is alts season )


"At the end of the year, we anticipate Bitcoin breaking its all-time high and stabilizing around the $70,000 levels."





"Disclaimer: The provided analyses are presented with care, but they may contain errors. It is advisable to reevaluate them independently. The reader assumes full responsibility for their investment decisions."















Comments
AlirezaJoodi
Hi
About Big pump after Bitcoin halving. I like this scenario.
But, Everyone is talking about this process. Will poor people get rich?
cherif100
@AlirezaJoodi,

Statistically, it is challenging to predict with certainty the direction Bitcoin prices will take after halving. In previous halvings, Bitcoin prices experienced increases at times, but this was not always the case. Some halving periods witnessed volatile price fluctuations.
pullbacksignal
This is my idea, check it out
pullbacksignal
Very likely scenario
danbut
You forgot to mention 2024 is election year which tends to be more bullish then bearrish
m87elholm
yes i think is reasonable that btc will test around 32000! but will we have on last puch higher first? hope so.. 47-50 000
MyCryptoParadise_Nathan
Central bank policies, particularly interest rate changes, are crucial factors affecting currency values and investment flows.
chiron0o0
I think you sold all your Altcoins 🤣
cherif100
@chiron0o0, i hope you did
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