A part of me thinks this bull run we have had in 2023 and maybe the first week or two of 2024 might in fact be over and we might see decreasing values of BTC over time back to the $30,000 - $35,000 level. There's simply no hype or demand for it to go up higher at the moment.
But but the price always go higher :P
Have you looked at the inflows of the BTC ETFs?
Also what about the supply shock of the halvening in 75 days?
I have not. But are there not outflows as well and how do they compare?
Outside of that BTC halvings are normally always priced in 6 months ahead of time. Takes a good month or two after before we start to see a increase. I'm kind of betting on 30k -35k over the next month or two until we get closer to the halving. Of course it's anyones guess.
The ETF effect seems to be fainting, everyone is expecting a supply shock but what if demand doesnt go up? for now I agree we might go back to the $30ish range for some time before starting to go up again, time to shill some, may be last time to buy before finally going up towards the end of the year
I don0t think is over, but we just have to wait and see what lies ahead of us. It might surprise us
There was a bull run in 2023? I must have blinked because I missed it.
I would consider going from 16k bitcoin to 40k bitcoin rather bullish lol
Maybe. We may hope for moar of course. Wonder if January may be a measure of what is to come like sum other investments too.