Bitcoin

Momentum

The post <a href="https://coinpedia.org/price-analysis/crypto-outlook-2024-heres-when-bitcoin-price-will-hit-new-ath/" rel="noopener noreferrer nofollow">Crypto Outlook 2024: Here’s When Bitcoin Price Will Hit New ATH</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Renowned crypto analyst Stockmoney Lizards recently offered insights into the cryptocurrency market, focusing on current and future trends. It’s important to note that these opinions should not be taken as financial advice.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> This is our personal roadmap for this cycle. The most important key takeway message: 1. Bullish momentum will continue, driven by mass adoption (ETFs, big institutions buying) 2. We expect volatility and a possible correction in the mid-30ks in Q1 2024 3. New ATH in… <a href="https://t.co/t9xJYCsUSU" rel="noopener noreferrer nofollow">pic.twitter.com/t9xJYCsUSU</a>— Stockmoney Lizards (@StockmoneyL) <a href="https://twitter.com/StockmoneyL/status/1741451240418967761?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 31, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Key Predictions:
<ol>
 <li>Bullish Momentum Continues: Stockmoney Lizards points out the ongoing bullish trend in the crypto market. This optimism is largely due to the growing acceptance of Bitcoin, the launch of Bitcoin ETFs, and increased investment from institutional players. Bitcoin’s role as “digital gold” and its use as a hedge against inflation also add to this positive outlook.</li>
 <li>Expect Volatility and Corrections: Despite the bullish trend, Stockmoney Lizards anticipates some volatility and a possible correction, especially in early 2024, where prices might dip to the mid-$30,000 range. This is a realistic take on the market’s short-term fluctuations.</li>
 <li>New Peaks and Halving Impact: The analysis foresees Bitcoin reaching new all-time highs (ATHs) in 2024, fueled by its halving event and broader adoption. Drawing from past trends, another ATH is projected for late 2025, offering a long-term view for investors.</li>
 <li>Macro Factors in Play: Considering broader economic issues like recession and inflation, these are favorable for Bitcoin. The belief in Bitcoin as a stable value store during economic turmoil bolsters confidence that the current bull run will continue.</li>
 <li>Continued Bull Run: Various catalysts are expected to sustain the market’s upward movement. This confidence stems from both internal crypto market dynamics and external economic conditions.</li>
</ol>
Conclusion:
Stockmoney Lizards provides a detailed crypto market analysis, blending technical insights with macroeconomic understanding. Acknowledging possible market corrections while emphasizing Bitcoin’s resilience in tough economic times offers a balanced perspective. This analysis is meant to inform and educate crypto enthusiasts, but readers should conduct their research before making investment decisions.

Crypto Outlook 2024: Here’s When Bitcoin Price Will Hit New ATH

CoinPedia News

Other articles published on Jan 2, 2024

Solana flips Ethereum in 7-day stablecoin volume

BendDAO Launches BRC-20 Token BDIN, Set to Launch BRC-20 Cross-Chain and Lending

Tech Stocks Expected to Surge by 25% in 2024, Nasdaq Aims for 20,000 Points

Will spot Bitcoin ETF approvals happen in January 2024

Analyst Issues Warnings on 14 Altcoins Amid Bull Run Uncertainties

XRP Attorney’s Insights on SEI’s Staggering Growth in 2 Months

Join our free newsletter for daily crypto updates!