Bitcoin (BTC) $93,885.9 price It reversed the rise it experienced in 2 hours yesterday in a few hours and BTC has now exceeded $ 94,000 again. While there are hours left until the end of 2024, investors’ hopes for the new year are alive. As the holiday ends on January 2, it is expected that the volume in the markets will increase and the recovery will begin. So what are the experts’ predictions?
Bitcoin (BTC) End of 2024 Analysis
BTC It is stalling around $94,000 and the recent USDT FUD has shaken the markets significantly. We have seen that especially new investors embrace this FUD. However, Tether reserves are extremely strong and for the EU USDT’‘s decision to delist is not an issue that will have a huge impact on cryptocurrency investors. Let’s hope that BTC’s rise is related to the fading of this FUD and that it remains permanent.
Michael Poppe shared the following graphic about the latest situation and wrote:
“Thesis #Bitcoin remains the same on it. I expect us to have a correction due to the irrelevant USDT FUD taking place. “Maybe we’ll go deeper, but given the liquidity is being taken, the upswing may have already begun.”
Comprehensive Cryptocurrency Analysis
Popular Turkish cryptocurrency analyst Efloud shared updates on both the short-term and long-term outlook. Sharing his comprehensive assessment in the last hours of 2024, he explains the details investors need to know.
“Higher Time Frame (HTF): As I mentioned before, the disruption of the parabolic rise shows signs of fatigue and profit realization becomes possible. The market continues to price this situation. Profit can only be realized in the peak regions by making new projections in this way.
If there is a gain (deviation/manipulation) after the loss of the area written as Daily Demand Area or if the bullish market structures in the region written as 4H Demand area occur, the market will start to reach $ again.BTC I believe that it will become stronger on the side.
Lower Time Frame (LTF): HTF is experiencing a short-term bounce with the clearing of $92000, which has equal bottoms in the short term, outside the supports. The truth is, this view alone is not a structure that convinces me to buy a product from here (except for intraday trades), but the clearing of that liquidity zone and the reaction is an indication that the price complies with the liquidity zones.
Therefore, it gives me the idea of creating a short position for a short hedge if the price loses again after gaining $99500 levels.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
