Medium turn down, ultimately up
Trend lines: not absolute but they are wickedly useful shorthand. Here's an example:
A test of 49k/50k near end of April/start of May. This may very well coincide with the BTC halving.
A test of the current ATHs (70k-74k) will happen in August. This will spur a bullish last half of 2024 that may surpass the hysteria of the last half of 2017. Experienced trades will not fall suspect to the tens of thousands of new crapcoins that will come out, newbies will FOMO them to their peril. (Doesn't mean money can't be made on the trades during the euphoria.)
Either way, many bulls and bears are calling for enormous price moves in BTC during 2024. This isn't consistent with the 5ish year cycle 2008 - 2012, 2012 - 2017, 2017 - 2022, but a move up would be within the margin of error.
A test of 49k/50k near end of April/start of May. This may very well coincide with the BTC halving.
A test of the current ATHs (70k-74k) will happen in August. This will spur a bullish last half of 2024 that may surpass the hysteria of the last half of 2017. Experienced trades will not fall suspect to the tens of thousands of new crapcoins that will come out, newbies will FOMO them to their peril. (Doesn't mean money can't be made on the trades during the euphoria.)
Either way, many bulls and bears are calling for enormous price moves in BTC during 2024. This isn't consistent with the 5ish year cycle 2008 - 2012, 2012 - 2017, 2017 - 2022, but a move up would be within the margin of error.
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