There is a long year ahead of us with multiple actions and events that can trigger the Bitcoin price lower or higher. Let's look into what is waiting us in 2024 for the Bitcoin!

1) ETF

As we know the SEC declined all the BTC ETF's untill this day. One of the most known ones appeared 6 years ago and BTC price crashed more than %30 in minutes.

As year passed BTC gain a lot of trust from the public and also from the authorities. Right now there are multiple Bitcoin ETFs from different instutions for waiting the SEC approval. What will happens if SEC declines or approves them?

Check the latest article at the CoinTelegraph to dive further into this topic

https://cointelegraph.com/news/sec-may-approve-spot-bitcoin-etf-law-decoded

IF SEC DECLINES

I am (probably everyone) waiting a huge price decrease if the SEC declines the BTC ETFs. In my opinion this can create good buy oppurtunities for the BTC especially while entering a very bullish BTC era with the Halving and the BTC cycle which I will talking later in this blog.

IF SEC APPROVES

If SEC approves the ETFs I believe this can create a sell oppurtunity at the market. At 2023 we had strong rally from the 16k to the 44k for the BTC especially during the last months with the ETF manipulations. Market can react with a sell the news behaviour.

2) Halving and the BTC Cycle

In my opiniong Halving is a bigger event than ETFs. So Halving > ETF

At Image you can see the past halving dates and the prices also the logaritmic forecast for the next years.

Here is a another grapgh with the 4 year cycle of the BTC.


After the sideway era we experince the next bullish run on the market but in my opinion we might break the 4 year cycle of the BTC at 2023 with the huge price increase and increasing recognisition of the BTC. But still I believe we will experince a bull run at 2024 and 2025 to the 125k ATH.

3) Concluison and 2024 Scenario

To sum up with the ETF manipulations and the Halving graphs from the past I have expecting a price manipulation such as :

ETF approval ----> 52k
Sell the news ----> 40-44k
Small rebound and sideways
Crash before the halving -----> 32k
And from the 32k our bullish cycle begins to the ATH in upcoming 2 years.

As a graph


Disclaimer : This is not an investment advice. All of the informations are my personal opinions and you should not take actions based on this before doing your own research.

Please share your ideas on the comment section and let's brainstorm together. What is your expectations and actions for the 2024?

Have a nice day!