2024

Bitcoin

SKALE

<p>In a series of tweets, <a href="https://twitter.com/MikybullCrypto/status/1742848066179244172?t=k_SbiEpiWfL3KIyvw2MVMQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">notable crypto analyst @MikybullCrypto</a> lays out the case for why 2024 is shaping up to be an extremely bullish year for both Bitcoin and altcoins. He points to historical market cycles, macroeconomic tailwinds, and key platform upgrades that could fuel a major rally.</p>
<p><strong>The Halvening Cycle</strong></p>
<p>As MikybullCrypto notes, “History doesn’t repeat itself but it often rhymes.” He includes a chart overlaying past Bitcoin bull runs, showing how markets tend to peak about a year after each halvening event, when the Bitcoin block reward paid to miners gets cut in half. The last halvening was in 2020, suggesting we are now entering the window for the next peak.</p>
<p>“Looking at this chart will change your bias for this year and #Bitcoin will break ATH in Q3/Q4 2024,” says MikybullCrypto. The analyst believes we are beginning a new market cycle that will bring new all-time highs for Bitcoin within the next 12-18 months.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="581" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-1024x581.png" alt="" class="wp-image-413495" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-1024x581.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-768x436.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-1536x872.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-2048x1163.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-264x150.png 264w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-616x350.png 616w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-91-788x447.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-91.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Macroeconomic Tailwinds</strong></p>
<p>In addition to the timing of the halvening cycle, MikybullCrypto points to several macroeconomic trends that could add fuel to the crypto bull market over the next year. These include:</p>
<ul>
 <li>Global liquidity – Central bank liquidity injections are correlated with and historically supportive of Bitcoin price appreciation. Liquidity appears to have bottomed and turned upward.</li>
 <li>Rate cuts – Many central banks have been raising rates to combat inflation, but could reverse course later in 2023/2024, creating accommodative monetary policy.</li>
 <li>US election year – Incumbent presidents tend to pull levers to support economic strength leading up to elections.</li>
</ul>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp; <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Install the <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank" rel="noopener noreferrer nofollow">take action</a></strong> right now!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong>An ETH Breakout</strong></p>
<p>Beyond Bitcoin, altcoins also look poised for a breakout year according to MikybullCrypto. He writes: “ETH has major strong catalysts that will cause it to outperform BTC.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="792" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-1024x792.png" alt="" class="wp-image-413487" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-1024x792.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-300x232.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-768x594.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-1536x1188.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-2048x1584.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-194x150.png 194w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-100x77.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-452x350.png 452w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-90-788x609.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-90.png 720w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Specifically for Ethereum, the analyst sees the launch of Ethereum Spot ETFs in 2023, the EIP-4844 upgrade to scale L2 networks, the launch of eigenLayer rollups, and more contributing to a boom year.</p>
<p><strong>Top Altcoin Narratives</strong></p>
<p>Finally, MikybullCrypto highlights some key emerging narratives in the altcoin space that he believes will drive momentum in 2024:</p>
<ul>
 <li>Layer 2 protocols – Faster and lower-cost networks like EclipseFDN and SKALE</li>
 <li>Layer 1 blockchains – Alternative base layer networks with strong growth potential</li>
 <li><a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> applications</li>
 <li>Metaverse and gaming assets</li>
 <li>Perpetual DEX tokens – Decentralized exchanges</li>
 <li>BNB Chain native tokens – Assets on the popular BNB Chain network</li>
</ul>
<p>“I’m bullish on $ROOT due to its interoperability in nature,” he tweets, highlighting one cross-chain altcoin he is watching.</p>
<p>With historical cycles, macro tailwinds, and platform upgrades all lining up, MikybullCrypto makes the case that 2024 is gearing up to be the most bullish year yet for Bitcoin, Ethereum, and the broader altcoin markets. If the analysis proves accurate, the next 12 months could bring life-changing gains for crypto investors and builders.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/litecoin-dips-11-alongside-other-altcoins-analyst-says-ltc-could-likely-plunge-to-this-level/" target="_blank" rel="noopener noreferrer nofollow">Litecoin Dips 11% Alongside Other Altcoins, Analyst Says LTC Could Likely Plunge To This Level</a></li>
 <li><a href="https://captainaltcoin.com/why-is-mav-price-up-today/" target="_blank" rel="noopener noreferrer nofollow">Why is MAV Price Up Today?</a></li>
 <li><a href="https://captainaltcoin.com/cardano-adas-exciting-future-investments-surge-in-polkadot-dot-and-borroe-finance-roe/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA)’s Exciting Future; Investments Surge in Polkadot (DOT) and&nbsp; Borroe Finance ($ROE)</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-2024-will-likely-be-the-most-bullish-year-for-bitcoin-btc-and-altcoins/" rel="noopener noreferrer nofollow">Why 2024 Will Likely Be the Most Bullish Year for Bitcoin (BTC) and Altcoins</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why 2024 Will Likely Be the Most Bullish Year for Bitcoin (BTC) and Altcoins

Table of Contents

CaptainAltcoin

Other articles published on Jan 4, 2024

Wanchain: The Year in Review for 2023

Top 5 Cryptos For Beginners To Buy Now In January 2024

TeraWulf’s Strategic Expansion: Mining Bitcoin and Pioneering AI in 2023

Huobi Korea Announces Impending Closure Amidst Tough Market Conditions

SEC Asks Judge to Consider Terra (LUNA) and UST Ruling in Binance Case

MetaZellys is emerging as a leader in the global brands arena, propelled by its Brand Laureate Aw...

Join our free newsletter for daily crypto updates!