Rejected $24,000 bitcoin, falling ahead of tomorrow’s Fed meeting. With the downward wave experienced yesterday, BTC fell to the levels of $ 22,500.
While investors keep their hopes for the rise, Morgan Creek founder and CIO Mark Yusko BTC evaluated for the price.
“Trend is Changing in BTC!”
Yusko, who recently gave an interview to the Youtube channel called Crypto Banter, said that BTC may be about to change its downtrend as it prepares for the 2024 halving.
bitcoinStating that the coin may be in a horizontal accumulation phase after exceeding $ 18,000, the famous name argued that BTC is approaching a new bull market with firm steps, depending on the halving cycle.
“We dropped from $18,000 to $15,000 but then went back up to $18,000.
We made the perfect cup and handle model. However, interestingly, on the basis of four-year cycles, flat, horizontal movements are expected in the spring months.
The spring months are basically flat, but don’t forget that there is a lot of volatility.
For me, summer in Bitcoin will start in April-May. Because it usually starts nine months before the halving. That’s when things will get fun.”
“Bitcoin Halving Will Increase Price!”
bitcoin Mark Yusko pointed out that the halving, which has halved the rewards of miners, is expected to take place in March 2024. “I guarantee that the halving that will take place in 2024 will increase the BTC price.” said.
“The truth to me is that Bitcoin is so perfectly designed. It’s really cool when you think about it.
So I’m pretty sure Satoshi isn’t just one person because I don’t think anyone could be that smart. Just think about halving. Halving guarantees the BTC price to increase.”
Yusko finally added that Bitcoin is one of the most important investments an investor can make.
Mark Yusko also drew attention to the halving event in his previous statements, and that the expectation of the halving will be in 2023. BTC He said it would be the main catalyst for the bull rally.
Because the famous CIO believes that the halving event will take Bitcoin to $ 100,000 and potentially beyond according to the laws of mathematics.
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