{"id":9608,"date":"2024-01-08T17:53:31","date_gmt":"2024-01-08T15:53:31","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-set-for-a-truly-explosive-year-predicts-expert\/"},"modified":"2024-01-08T17:53:31","modified_gmt":"2024-01-08T15:53:31","slug":"bitcoin-set-for-a-truly-explosive-year-predicts-expert","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-set-for-a-truly-explosive-year-predicts-expert\/","title":{"rendered":"Bitcoin Set for a &#8220;Truly Explosive&#8221; Year, Predicts Expert"},"content":{"rendered":"<p>In 2024, macro strategist Henrik Zeberg anticipates a &#8220;fantastic&#8221; bull run in the crypto market, during which the price of digital gold could reach $150,000.<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/i7KrZ5B3Ep4?si=CNMDahre6V-ZLg-B\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>Meanwhile, the expert believes traditional markets face the &#8220;worst crash since 1929,&#8221; when the Great Depression began in the United States.<\/p>\n<p>According to Zeberg, the influx of new players will drive a &#8220;parabolic&#8221; dynamic in digital assets this year.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;[Bitcoin] will become truly explosive \u2014 it will go vertical. I think we will reach at least $115,000. That is my most conservative forecast. The $150,000 level is also quite achievable, and I see potential for $250,000,&#8221; the economist noted.<\/p>\n<\/blockquote>\n<p>Zeberg added that the entry of institutional and traditional investors following the potential approval of spot Bitcoin ETFs in the US could make the first four months of 2024 &#8220;incredibly impressive&#8221; for the crypto market.<\/p>\n<p>The launch of this investment product would confirm the $150,000 Bitcoin forecast, although it is not the most decisive factor, the analyst clarified.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Everyone who missed the first or second [bull cycle] will now say: &#8216;Oh, I missed the first two times, but I will be in this one,'&#8221; he explained.<\/p>\n<\/blockquote>\n<p>MN Trading founder Micha\u00ebl van de Poppe wrote on X that currently &#8220;the focus is entirely skewed&#8221; towards the first cryptocurrency amid expectations of ETF approval.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoins<\/a> suffering as <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF week is approaching.<\/p>\n<p>Not strange, as the focus is entirely skewed towards Bitcoin. After the ETF, momentum is likely coming back in altcoins.<\/p>\n<p>Range remains defined on Bitcoin. Buying 10%+ dips, selling at $48-51K. <a href=\"https:\/\/t.co\/7F2yPo3ySN\">pic.twitter.com\/7F2yPo3ySN<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1744262602560061533?ref_src=twsrc%5Etfw\">January 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In his view, after the ETF launch, capital will return to altcoins, and Bitcoin will trade at $48,000-$51,000.<\/p>\n<p>A trader known as Trade4ddict noted that the dominance index of the first cryptocurrency has risen above 54% and is approaching the upper resistance level at 55%.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Yea <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> dominance continues to rise above 54% and looks like it&#8217;s on the way to 55% resistance<\/p>\n<p>We have to look for the few outperforming coins like <a href=\"https:\/\/twitter.com\/search?q=%24STX&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STX<\/a> for new longs <a href=\"https:\/\/t.co\/tP7Od5gJmZ\">pic.twitter.com\/tP7Od5gJmZ<\/a><\/p>\n<p>\u2014 Trade4ddict (@Trade4ddict) <a href=\"https:\/\/twitter.com\/Trade4ddict\/status\/1744267240344523031?ref_src=twsrc%5Etfw\">January 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In early January, LookIntoBitcoin founder Philip Swift observed that Bitcoin has returned to the Stock-to-Flow model range from the bear market lows.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">From the bear market lows, <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> price has now climbed back to the Stock-to-Flow line. <a href=\"https:\/\/t.co\/uKrDiSJcWB\">pic.twitter.com\/uKrDiSJcWB<\/a><\/p>\n<p>\u2014 Philip Swift (@PositiveCrypto) <a href=\"https:\/\/twitter.com\/PositiveCrypto\/status\/1742499087377633641?ref_src=twsrc%5Etfw\">January 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the time of writing, the price of digital gold exceeded $45,000. The asset&#8217;s market capitalization stands at $882 billion, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/gACz4jKVkBh1IU48r9CPAQ4idfaISOTWDKB2itUE-SOyoX0Dos9RM78dw55ciiDMIxop5ZfU0YnphRfmvLpy8mR1WSvbq9xrDxXGvv65NvE5NbLYNAu0eUuKcciWPcj2Snw7LlNARfbXIIGdn29e1-o\" alt=\"Bitcoin Set for a 'Truly Explosive' Year, Predicts Expert\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Analysts at CryptoQuant have suggested that Bitcoin ETF approval could push the asset&#8217;s price to $54,000.<\/p>\n<p>Earlier, Morgan Creek Digital co-founder Anthony Pompliano warned that the launch of the instrument would not double the price of the first cryptocurrency overnight.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, macro strategist Henrik Zeberg anticipates a &#8220;fantastic&#8221; bull run in the crypto market, during which the price of digital gold could reach $150,000. Meanwhile, the expert believes traditional markets face the &#8220;worst crash since 1929,&#8221; when the Great Depression began in the United States. According to Zeberg, the influx of new players will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1150,1138],"class_list":["post-9608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-news-plus","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=9608"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/9607"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=9608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=9608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=9608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}