Bitcoin

Sherpa

Shiba Inu

Rise

Fetch.ai

<p>Bitcoin’s price trajectory has lately been a hot topic in the crypto market especially with forthcoming Bitcoin halving event. Altcoin Sherpa, a top cryptocurrency analyst, in a <a href="https://x.com/AltcoinSherpa/status/1766101971008643229?s=20" target="_blank" rel="nofollow">tweet</a> post, shared their thoughts on the anticipated peak for Bitcoin (BTC) in 2024.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-accelerated-cycle-and-timing-speculations-strong"><strong>Accelerated Cycle and Timing Speculations</strong></h2> 
<p>In the post, Altcoin Sherpa acknowledged the widespread discussions surrounding an accelerated cycle for Bitcoin, suggesting that the top could occur in 2024 instead of the previously predicted 2025. However, they expressed uncertainty about pinpointing the exact timing of the peak.</p> 
<p>“Lots of talk about accelerated cycle and that the top will be in 2024, not 2025 for $BTC. I’m not so sure when we top,” they stated.</p> 
<p>Altcoin Sherpa delved into the historical cycles of Bitcoin, drawing comparisons between the current market dynamics and previous bull runs. They highlighted the 365-day period from the $10,000 breakout to the $60,000 double top in 2021, as well as the shorter 2017 cycle, where Bitcoin surged from $1,000 to $20,000 in less than a year before retracing.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="556" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-1024x556.png" alt="" class="wp-image-450320" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-1024x556.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-300x163.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-767x416.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-1536x833.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-2048x1111.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-276x150.png 276w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-645x350.png 645w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-329-788x427.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-329.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<h2 class="wp-block-heading" id="strong-market-structure-and-catalysts-strong"><strong>Market Structure and Catalysts</strong></h2> 
<p>Moreover, the analyst acknowledged the different market structure this time, with the introduction of a Bitcoin Exchange-Traded Fund (ETF) and the halving cycles playing a significant role. They speculated that the ETF might have accelerated the cycle faster than usual, as investors rushed to front-run the news.</p> 
<h2 class="wp-block-heading" id="strong-potential-bullish-catalysts-for-2024-strong"><strong>Potential Bullish Catalysts for 2024</strong></h2> 
<p>He further identified several bullish catalysts that could fuel further growth in 2024. These include the US presidential election, lower interest rates later in the year, the potential launch of an Ethereum (ETH) ETF, and other favorable developments within the cryptocurrency space.</p> 
<p>While acknowledging the strength of the current bull run, Altcoin Sherpa <a href="https://x.com/AltcoinSherpa/status/1766101974166945833?s=20" target="_blank" rel="nofollow">emphasized</a> the importance of a cooling-off period in the summer of 2024. They suggested that a more sustainable move could prolong the rally, cautioning that the faster Bitcoin reaches levels like $100,000 or $200,000, the closer it may be to the end of the cycle.</p>  
<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">
   Explosion in Meme Coin Market; How to find potential successors to $BONK, $PEPE, and $WIF?
   <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>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>NuggetRush</strong></a> today! This pioneering memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</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>Altcoin Sherpa expressed a cautiously optimistic stance, intending to “take it level to level and still stay max long for a while.” They believe there is still ample time left in the current cycle but urged investors to remain vigilant for potential warning signs and indicators as the market approaches its peak.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/wp-admin/post.php?post=449873&amp;action=edit" target="_blank" rel="noreferrer noopener">Solana’s Network Price Surge: Is Another Leg Up Imminent? SOL Experts Eye Further Gains</a></li> 
 <li><a href="http://fetch.ai/" target="_blank" rel="noreferrer noopener nofollow">Fetch.ai Price Surges: Here is Why Top Analysts Predict FET’s Rise to “Double Digits” Amid AI Boom</a></li> 
 <li><a href="https://captainaltcoin.com/new-shiba-inu-shib-cryptocurrency-rivals-shib-predicted-1000-growth/" target="_blank" rel="noreferrer noopener">New Shiba Inu (SHIB) Cryptocurrency Rivals SHIB, Predicted 1000% Growth</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/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" 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-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </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/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/can-bitcoins-btc-price-peak-in-2024-expert-highlights-these-possible-market-scenarios/">Can Bitcoin’s (BTC) Price Peak in 2024? Expert Highlights These Possible Market Scenarios</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Can Bitcoin’s (BTC) Price Peak in 2024? Expert Highlights These Possible Market Scenarios

Table of Contents

CaptainAltcoin

Other articles published on Mar 8, 2024

Beoble and $WEN: A Partnership for Community Engagement

Binance Reveals Investments in Ethena, NFPrompt & Other Crypto Projects

Rebel Satoshi ($RBLZ) Looks To Enrich Early Investors as Stacks (STX) and NEAR Protocol Appreciat...

Over $11 million worth of XRP moved from Binance to an unknown wallet

Cryptocurrencies Reach New Milestones in Market Surge

SHIB Lead Shytoshi Kusama Issues Crucial Warning to Community

Join our free newsletter for daily crypto updates!