Will Bitcoin Bulls Face Challenges in Navigating the 2024 Halving Sell-Off? đź
#DecenTrader predicts Bitcoin's price to test investors' resolve in a classic halving year pattern.
Expecting a buying spike two months before the April 18 halving, CEO Filbfilb anticipates a sell-off reminiscent of ETF launches, possibly pushing BTC/USD to $49,000. Post-sell-off, price discovery may lead to new highs in mid to late Q4 2024, aligning with the historical trend following #halvings .
The current sideways market may persist for a month before #FOMO demand emerges. Macro factors, like US banking concerns and global risks, add complexity.
Filbfilb warns against over-optimism, emphasizing Bitcoin's cyclical nature. As of Feb 4, BTC/USD closed around $43,000.
