BITCOIN PREDICTION & OUTLOOK FOR 2024!

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Bitcoin is ready to jump into 2024 with a bullish trend. Let’s take a look at history and compare it to where we are now. Shall we see similar price action as previous cycles or will things be different this time? What prices can it reach?

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Hey everyone what is going on welcome back here at Young and investing for those who are new to the channel my name is Quinton and if you’re new here make sure to be subscribed to stay updated with everything crypto related also please like this video if you found it

Informative all right in this video we are going to talk about Bitcoin in 2024 we’re going to do an Outlook some kind of prediction as well for Bitcoin in the next year so without further Ado let’s dive into it and I want to start with showing you my Outlook my prediction of

This year which I made in the beginning of uh this year um so my Bitcoin outlook for 2023 so let’s do a little review of that and as you can see I’ve drawn like an accumulation Channel kind of with like a peak above it and then back into

The accumulation Channel um and actually I think it was a pretty good prediction because basically we did all of this um exact the only thing that was not correct was my accumulation Channel which I drew between 29,000 and 40,000 and the accumulation channel of this accumulation year was between $25,000 and

$331,000 but for the rest I think this was a really good outlook and maybe you guys can now think like okay you are some kind of crypto wizard well I mean uh it’s just like understanding the the crypto Cycles very well and how every stage of the cycle has their own price

Action and basically it’s not a rocket science it’s more or less the same all the time they always say history doesn’t repeat itself but of but it often Rhymes and I think this is really true for crypto so my prediction here was based on the past few Cycles their

Accumulation year accumulation year is the year before the Bitcoin halving so I based myself on that and the prediction um actually was pretty accurate now let’s have a look at these cycles that I just talked about and we have we are currently in in the fifth cycle some

People say the fourth cycle because some people don’t uh count this first cycle with the rest and they just say like okay the first cycle was until here like 2015 so it’s the fourth full cycle or the fifth one if you calculate this half cycle in the very beginning um too now I

Want to show you some stuff here so basically um this was always the year of the Bitcoin halving so the blue here is the price action during the year of the Bitcoin halving we had a halving here in November 2012 here in July 2016 and then

In May 2020 and the next one is planned for April 2024 so I want to show you this box right here because again this is what my prediction will be based on the year of the Bitcoin halving always has a really good price action and there’s one thing that is very important

Because the year of the Hing the price action is up and then just after the Hing a few months after the Hing we always see a new all-time high so as you can see right here um in the in the in the first after the first haling the new

Alltime high came three months after the halving then the second halving here back in 2016 the new all-time high came 7 months after the halving and then the third halving again 7 months after the halving we made a new all-time high so we say like okay we’re probably going to

Make a new alltime high next year of course this is really good news already uh the price action looks really good right now so um I think we are perfectly on schedule to make this new all-time high later on next year of course it can be earlier as well because maybe the

ETFs and extra hype is going to accelerate a bit of the the the normal cycle so I wouldn’t be surprised to see it earlier then s months after the cycle like in the last two ones like after the last two hings so it could be that like in the middle of next

Year we’re already seeing a new all-time high or at least the first test of the all-time high so basically what I think will happen uh based on the previous halvings and the previous cycles and simply like the market psychology is something like this we’re going more

Into detail later on but I’m just going to draw it very um yeah very uh quickly right here so something like this to happen then like make a new alltime high and then going into 2025 we’re going to see probably the parabolic year because what is the difference between next year and

The year after if we have a look at history again then next year we’re moving towards the alltime high and once the alltime high is broken then we see a parabolic move up here again as well the the cycle before that as well parabolic move up after the previous all-time high

Has been broken so but that is of course a video for uh for next year so for my prediction of 2025 but I can already tell you what I think it will happen in that year so um the first bull market year the Year of the halving which is probably going to

Be uh 2024 I mean this is going to be the year of the halving but probably the first bull market here is more slowly moving back towards all-time high now before I’m going to give you a more detailed Outlook of next year with a specific scenario I want to show you

This right here this is the Wall Street sh cheet I would say please guys print this out hang this above your bed and look at it every single night until you understand the psychology of a market cycle in crypto a market cycle is four years every year is one phase of the

Cycle we have the bare Market we have the accumulation year the bull market year the first bull market year the Year of the haling and then the parabolic year so it’s not very difficult but if you understand this this is the very very best thing to understand because

Then you are already ahead of 95% of the people who also invest in crypto so basically if you understand this if you understand the market Cycles you know that you should sell in uh Euphoria and you know you should buy re right here in the accumulation stage or even in the

Bare Market depends on your preferences if you want more safety then you can totally invest in uh in an accumulation year like we saw this year or in a in a bare Market but so you need to have this reverse psychology into your actions now

Which stage are we currently in if we go more into detail I think we’re here between like disbelief and hope at this stage right here because this was the accumulation year as you can see like depression anger um then we had the rally first rally towards disb um I

Think like we’re now set for a good bull market in the next two years now one more thing before we going to have a look at the detailed Outlook I want to mention that there’s eight more days left in my bybit uh giveaway the giveaway that I’m hosting together with

Bybit where we’re giving away iPhone 15 Pro an Apple Watch and iPad Pro airpod Max uh Etc and some more prices for what you need to do for that is simply signing up to buyit with my referral link it will be here in the description

Of the video as well as in the pin post on this video Pinn comment on this video and uh deposit at least $100 onto your buybit account and with that $100 you can simply invest it in crypto like buy Bitcoin or you can also leverage trade

But be careful with that but I also made a video on how to trade responsibly on bit so if you want to leverage trade do that responsibly and please do watch the video first another thing I want to mention about this if you already signed

Up to my um to my affiliate team before this campaign you automatically participate already so if you sign up right now you automatically participate in future campaigns as well that’s the good news uh here too so Link in the description of this video all right let’s have a look at the daily Bitcoin

Chart right here and let’s already uh point out some levels to watch of course the previous all-time high at 69,000 uh let’s uh put a line here um then some resistance levels that I am personally watching um this is definitely one that I am watching uh the

$46,000 level this is a important one then uh another one I want to point out is of course this one this was the the the high actually of the accumulation Channel not very sure if we’re ever going to see that again um but I want to

Point it out anyway and then one more that I want to point out is um is this one right here I think that’s also going to be an important level around 50,000 52,000 probably so this is what I want to point out the levels that that we’re

Watching um and I’m also going to um point out the 1st of January 2025 so here so this is what we have for the coming for the coming year so the scenario that I personally have in mind is like slowly grinding up uh with some corrections in between as well because I

Am not too sure if we’re going up in one straight line we already had a very big move since August uh we’re already going up very hard here um I think at some point we will hit resistance and we will uh see a correction and maybe this is

Going to happen at 45k um then have like a correction towards this level I’m going to also point it out here I think this is also going to be one that we will uh we will revisit at some point so something like this is what I have in

Mind by the way the halving is in April but I don’t think it will have like an immediate impact it only have has an impact uh before it and sometime after it because we’re already anticipating on this halving what I think will happen is that we will see a correction still

Maybe towards 37k maybe a bit higher could also be like around 40K I wouldn’t be surprised about that so uh just to make it convenient I’m just going to put it towards 37k but again I maybe it would be more likely that it goes towards 40K 42k um but something like

This I think will play out over the next few months um and then we have like a retest of the all-time high maybe June July that is my own prediction have a correction again test it some other time maybe another correction and then I think towards the end of the year we

Will already see a new all-time high uh going into uh 2025 so something like this I think would make sense of course it’s a very straight line probably it will be like with more ups and downs like like this or something um but uh yeah you got the points you got what you

Got what I mean right so um I think most important to point out is the all-time high retest here I think 50k will also be a very important one and then of course the third thing that is very important is towards the end of the year

That we will see like new all-time highs being formed maybe this one here already um like the earlier test of the alltime high can be like a new one already maybe with like um a wick above it and make a new alltime high but I think uh it will

Like correct afterwards for a little bit but then we are set for a very good 2025 and I think this looks amazing right and I also think it looks very natural so it doesn’t look like it’s like crazy chart that I’m drawing right here it’s just

Like one straight line um so yeah I think overall this is what I personally expect to happen all right guys that is it for the video please let me know in the comment section down below what you think will happen in 2024 and please give it a like if you

Found it an informative video and also please subscribe if you’re new to the channel and then I see you in the next one cheers bye-bye