Bitcoin Kickstart January in style

[Doan9269]

In the last quarter of 2023, BTC enjoyed significant gains and analysts projected 2024 as another bull year due to ranging factors of which Bitcoin halving and approval of the Bitcoin spot ETF are most significant.

Blackrock announcement about the approval of the spot ETF over the weekend could be the catalyst that have triggered the market in the first day of year 2024 with BTC and global marketcap up by 6% respectively and currently trading above the $45k mark.

People have been saying various things concerning the BlackRock ETF approval and are waiting to see where this will actually get to, but we must be never forget that this is not the major reason for the expected bullrun, it can only rise the market on a shirt time influence while the halving is what we await to see come through as a major push to a new all time high for Bitcoin market price.

While many are anticipating bullrun to kickstart after the Bitcoin halving, I have a feeling there could be a twist to this year's bullrun as it may not completely depend on the factors listed above. It's also important to note that the US interest rate is on a decline which is a good thing that could drive investors to opt for crypto. What do you think, let's discuss.

There's this notion that it will definitely happen this way that when bullrun occurs, it will facilitate many Bitcoin investors to come onboard and invest in it, they would have seen the very reason they would have waited on to see come to pass to clear their doubt about Bitcoin performance after halving and bullrun.

[TravelMug]

This week will be full of bitcoin ETFs topics. I have already read two topics, and if you search the forum, you will find more of them. Therefore, it is best to collect all of these topics in one place and wait. They are all for several days and we will see if they are approved or not.

Bitcoin thrives on news just like every other market, so the news of the ETF will shape the market behaviors at least for the interim until another strong news comes out. I personally believe that the ETF is something positive for Bitcoin considering the inflow of fresh capital that will follow such approvals. This will lead to an unprecedented surge in price before the market gets saturated once again. Those of us who are already holding Bitcoin will be the best favored.

What is not certain now is what the combined effect of the ETF approval and halving will do but there are chances it will lead to early bull run that we are already seeing even before 2025 that it was expected according to the market cycle.

And yet even if we goes down and did see a correction, the market still manages to recover it goes to $44k and then highs of $43k. So as much as we don't want to think that Spot ETF is not going to affect us or it is just FOMO and many are jumping to manipulate the price, still though, we can't discount the fact that every eye is on the SEC and waiting whether it will be approved or not. This month, we might see some news though, Blackrock will have it's time to shine for a approval or not. And definitely, the halving news will also be the biggest for this year and that it will be the catalyst for a bull run and new ATH.

[bestcoins1]

usually in January before halving. the price of bitcoin will always continue its uptrend aka the price of bitcoin will continue to rise until halving 1 year later. only after 1 year of halving bitcoin will start to fall and to a low price point. before starting to rise again.

Maybe the journey will not always be the same as before, mate, although currently the trend looks more positive and improving. I also won't deny the price increase that could continue this month due to more people making continuous purchases of Bitcoin. However, everyone also needs to be aware of sudden corrections like what happened two days ago, even though this is a pretty good opportunity for those who buy in large quantities in a fairly short time.

[el kaka22]

Going nearly 10% down and then up is a big boss move and bitcoin has reminded everyone why it is the top coin once again. It has gone down, making all the market go down, most of them even bigger downs than bitcoin, while also recovering so quickly, while other alts are having trouble recovering as quickly. I believe that it's powerful and the way it is making money right now is a big deal that should not be forgotten.

If you are investing or thinking about investing in anything else, remember that bitcoin is definitely better than what you want to invest. I am not saying don't invest into anything else, but keep most of your money in bitcoin, if you still want to invest in anything else, just do that with a very small amount.

[peter0425]

In the last quarter of 2023, BTC enjoyed significant gains and analysts projected 2024 as another bull year due to ranging factors of which Bitcoin halving and approval of the Bitcoin spot ETF are most significant.

Blackrock announcement about the approval of the spot ETF over the weekend could be the catalyst that have triggered the market in the first day of year 2024 with BTC and global marketcap up by 6% respectively and currently trading above the $45k mark.

While many are anticipating bullrun to kickstart after the Bitcoin halving, I have a feeling there could be a twist to this year's bullrun as it may not completely depend on the factors listed above. It's also important to note that the US interest rate is on a decline which is a good thing that could drive investors to opt for crypto. What do you think, let's discuss.

I'm  the one that looks also about the changes in the movement this year as we have started with good price value and climbing to 45k things that never happened in the whole 2023 so  making its way this high considering that we have changed year? this is something different from what i have observed over the years.
its near to see the result of the decision about approval of ETF wondering what will happen soon?

[ScamViruS]

Bitcoin started January with very positive momentum but could not sustain this momentum leading to a healthy correction. And this correction created fear in the crypto market which resulted in a lot of liquidation all around. And as a result of these liquidations, many newbie traders have learned the dangers of trading with high leverage. However, I am still positive that Bitcoin will perform as well this January as it did last year. So I am keeping an eye on the market to see how Bitcoin performs next week, and where the market momentum will go.

[AakZaki]

Maybe the journey will not always be the same as before, mate, although currently the trend looks more positive and improving. I also won't deny the price increase that could continue this month due to more people making continuous purchases of Bitcoin. However, everyone also needs to be aware of sudden corrections like what happened two days ago, even though this is a pretty good opportunity for those who buy in large quantities in a fairly short time.

Like the correction that occurred yesterday due to the ETF delay, we also have to be ready and don't need to panic because in the end prices will also rise again. The positive trend is very strong because Bitcoin will experience its 4th Halving which will occur soon. No need to panic too much, we have to prepare to welcome the new ATH.

[STT]

Most simple take so far is we declined back to the 50 day average before recovering most of that price movement later. 

  On Jan 5th the Dollar index fell back about 1% before retaking alot of that selling to end the day even, if dollar can sell then BTC can quite easily still gain more while that is occurring.   The biggest signal for me besides the ETF news or other big mainstream news events would be the DXY moving below 100 and staying there which is likely to be part of its resumption weaker and a trend lower.  If BTC is to really gain from here Im waiting for DXY to lose 100 so that the source of much liquidity can flow to BTC or similar risk on assets in the marketplace.
  We gained 4k from the start of the year and in that sell off sold 5k but have moved back to a positive gain so far this year.   Thats a good take for how it will proceed imo we see gains but dont forget sometimes it will sell off, if its all so defined in selling as we just saw and brief that will leave us still positive to continue ie. its a buying opportunity.

[Wiwo]

In the last quarter of 2023, BTC enjoyed significant gains and analysts projected 2024 as another bull year due to ranging factors of which Bitcoin halving and approval of the Bitcoin spot ETF are most significant.

Blackrock announcement about the approval of the spot ETF over the weekend could be the catalyst that have triggered the market in the first day of year 2024 with BTC and global marketcap up by 6% respectively and currently trading above the $45k mark.

While many are anticipating bullrun to kickstart after the Bitcoin halving, I have a feeling there could be a twist to this year's bull run as it may not completely depend on the factors listed above. It's also important to note that the US interest rate is on a decline which is a good thing that could drive investors to opt for crypto. What do you think, let's discuss.

That feelings may have to wait for a while unless if the Bitcoin ETF happens sooner than expected,  then we can have a bll market before the bitcoin halven,  but anything outside that,  it won't fly at all so we shouldn't expect too much from the market before march-april which is already around the corner.

Many of the time,  we have expected Bitcoin all time high pre to halven,  which have happen before but on an accidental basis,  because since the first record of ATH before halven,  it haven occurs again and all other previous all-time highs have been after halves

[Kemarit]

In the last quarter of 2023, BTC enjoyed significant gains and analysts projected 2024 as another bull year due to ranging factors of which Bitcoin halving and approval of the Bitcoin spot ETF are most significant.

Blackrock announcement about the approval of the spot ETF over the weekend could be the catalyst that have triggered the market in the first day of year 2024 with BTC and global marketcap up by 6% respectively and currently trading above the $45k mark.

While many are anticipating bullrun to kickstart after the Bitcoin halving, I have a feeling there could be a twist to this year's bull run as it may not completely depend on the factors listed above. It's also important to note that the US interest rate is on a decline which is a good thing that could drive investors to opt for crypto. What do you think, let's discuss.

That feelings may have to wait for a while unless if the Bitcoin ETF happens sooner than expected,  then we can have a bll market before the bitcoin halven,  but anything outside that,  it won't fly at all so we shouldn't expect too much from the market before march-april which is already around the corner.

Many of the time,  we have expected Bitcoin all time high pre to halven,  which have happen before but on an accidental basis,  because since the first record of ATH before halven,  it haven occurs again and all other previous all-time highs have been after halves

Just going back to this thread, the ETF has been approved, and we have seen like $600 million flowing on the first day and it shook the market, pushing as high as $49,000. But now the market is calm already from all the ETF hype, we've seen minor dips to $40,000k'ish but it went back in the last 24 hours to $42,000.

What I'm saying is that just because of the approval of ETF, we should expect something big to happen right away. That is not the case, the real catalyst for the market is the block halving that is going to happen in April and not this ETF approvals. It could be a factor though, but the effect is not going to be felt right away by the ecosystem and maybe there are still some entities taking advantage of that big push and sell.

[Wiwo]

Just going back to this thread, the ETF has been approved, and we have seen like $600 million flowing on the first day and it shook the market, pushing as high as $49,000. But now the market is calm already from all the ETF hype, we've seen minor dips to $40,000k'ish but it went back in the last 24 hours to $42,000.

What I'm saying is that just because of the approval of ETF, we should expect something big to happen right away. That is not the case, the real catalyst for the market is the block halving that is going to happen in April and not this ETF approvals. It could be a factor though, but the effect is not going to be felt right away by the ecosystem and maybe there are still some entities taking advantage of that big push and sell.

There was much hypes around the bitcoin ETF approval and most of us expected that bitcoin price will just double over night, Which is not a rocket science thing but requires alot market actions for that to happen, and some time, it takes alot of time and efforts before the results of most of such events can be felt in the price chat.

So even though bitcoin ETF have been approved, it will not not just change the face of the market at once, but will take a gradual process for that to happen so let not be surprised to see bitcoin market behaviours being the opposite at the moment.

[STT]

This is not the style I have become accustomed to.  While Im not complaining, this isnt wildly bullish just yet its still BTC whipping around up and down creating those waves that some people like and throw others off.   4 out of the last 5 weekly bars have been Doji candles which in majority is mostly representative of indecision, so we should view BTC as still spinning its wheels.  Warming up if you like but its not properly moved as it can and does do on occasion so Im yet to be impressed by its style or lack of so far.   But we've only just begun.

[ivankoh]

So even though bitcoin ETF have been approved, it will not not just change the face of the market at once, but will take a gradual process for that to happen so let not be surprised to see bitcoin market behaviours being the opposite at the moment.

Totally agree with you. Market behavior and expression are reacting inversely to ETF adoption, which suggests a retail/news buying trend is occurring afterward. It's basically a normal sign and the range isn't high for short-term prices, but the bitcoin ETF is the key to the market's future. I'm guessing we could be down 40k-38k before going flat and up until before Chinese New Year. A possibility often becomes style as the previous history in January and February