Bitcoin (BTC) Prophecy from Analyst: Probability of $100,000 in 2024!

NorthstarBadcharts.com Co-Founder Patrick Karimthe next few years Bitcoin (BTC) He said that there may be a horizontal course for

Bitcoin (BTC) Will Keep Sideways, Stocks Can Only Hit Bottom in 2031

“Bitcoin will likely bottom in the $10,000 range. SPX or NASDAQ It will stay that way for a long time until it meets the capital flow from the commodity,” he said. “It can definitely take a flat course for at least a year or two.”

Technical analyst Karim added that it may take about a decade for the stock markets to bottom out, adding that a long-term bear market awaits investors.

“It might take 2031 for the SPX to really bottom out in the face of inflation, it could be 2031, 2035 or even 2041 if we repeat what happened in the Great Depression. It could be a long time, and for me all these rallies are bear market rallies,” he said.

Will Bitcoin Become 100 Thousand Dollars?

Some analysts predict that Bitcoin will reach $100,000 by 2024, which Karim attributes to a probability of between “1 percent” and “5 percent”.

“When I heard that, it’s complete nonsense at this stage,” I said. “Analysts aren’t playing with probabilities… At least put that on a chart and give me objective proof that it’s possible.”

Karim claimed that there are purse holders who need to destroy Bitcoin and that Bitcoin is a “bubble”. “We’ve had the peak of Bitcoin, laser eyes, it’s all over,” he said.

FTX Crash

According to Karim, the collapse of FTX, which was once the third largest crypto exchange in the world, could have been predicted if investors had paid attention to FTX’s native token, FTT.

Based on his technical analysis, Karim claimed that by June 2022, the FTT was a “time bomb”. “There was no reason to hold the FTX token for the past six months,” he said.

*Not investment advice.