2024 Bitcoin Prediction:

2024 Bitcoin Prediction:
• Arthur Hayes $70,000
• VanEck $70,000
• Bitwise $80,000
• Fidelity $100,000
• Franklin $150,000

Major players are expecting Bitcoin to hit the ATH, while CTs are predicting 36K or 32K.

Please don't be a bear

Because,

- Asset managers bull posting
- SEC's consecutive lawsuit defeats (vs Coinbase)
- ETF Money Inflow > $GBTC outflow
- Ethereum ETF > Celsius $ETH sold
- Bitcoin Halving in April
- Rate cuts (~H1)
- U.S. Money printer going brrr
- U.S. presidential candidates' active Bitcoin PPL

An important point - Players who have been skeptical about Bitcoin for years are now emerging with optimistic projections.

Wall Street
• VanEck $70,000
• Standard Chartered $100,000
• Fidelity $100,000
• Franklin $150,000
• Ark Invest $150,000
• Bitwise $80,000
• Bernstein $150,000

Crypto
• Arthur Hayes $70,000
• Messari $60,000
• Bit Mining $75,000
• CoinShares $80,000
• Hashed $100,000
• Matrixport $125,000

And, Here’s the current situation:

1. Grayscale's seeing around $550M in outflows daily.

2. A major reason for this selling pressure is likely because GBTC was trading at up to a 50% discount to its NAV until very recently.

3. Profit-taking - Intense selling pressure occurs, especially in the early stages.

4. However, this trend tends to slow down over time. Separately, the continuous inflow of ETF money (Vol/Inflow) remains a positive factor to watch.

5. In other words, if signals indicate a reduction in $GBTC selling pressure - a strong rebound may occur.

In this scenario, the price might dip to 36K as some day traders predict.

But, For retailers, catching a 'Reversal signal' between phase 4 and 5 is almost an impossible.

So, consider HOLDING through DCA.

Since 2017, I've rarely seen day traders succeed, whereas I've observed multiple HODLers become millionaires.

Don't be a Bear.