Bitcoin Price Crash in 2024? You have been WARNED!
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Timestamp:
0:00 – Why The Bitcoin Price is about to CRASH!
1:57 – What happens next?
2:29 – This seems like a major problem… is it?
4:44 – This is what I’m expecting (What happens next!)
5:12 – Why I might sell (& buy back lower)!
6:52 – Jim Cramer is bullish!
7:47 – How low can we go? (What happens next?)
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin & Ethereum.
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Are you optimistic about you know the shape your application is in and that it could get green lit by January 10th you know hoping hoping this is a field that has built up around non-compliance and uh that’s their business model when you ask me for how
Far the Bitcoin price could fall I mean we know from past experience when the Bitcoin price Falls sometimes it really Falls in ways that stock markets very very rarely do something big has come to my attention recently about Bitcoin a big price crash is coming at least
That’s my concern yeah I I do have a sense of how far Bitcoin could drop if you don’t get that approval it’s worth talking about so if bitcoin’s price does crash let me show you how low the price is likely to fall where I would be a
Buyer send this video to somebody who likes Bitcoin this is one big issue that everybody seems to be forgetting about one factor I think that people are forgetting here because we’re hearing so many positive signs like Kathy Wood who you had on just the other day talking
About how they’ve been sort of un you know sort of behind closed doors discussions over the holiday period between SEC officials and uh you know asking all kinds of technical questions which makes it sound like they’re about to dot the eyes and cross the te’s how would you summarize sort of the current
State of progress on the Bitcoin ETF front I think we’ve crossed every tea dot at every eye uh we believe to the sec’s satisfaction but Gary Gensler we know he just he never has anything good to say about crypto does he right now unfortunately there’s significant non-compliance and it’s a field which is
Rife with fraud abuse and uh misconduct so he is the unknown factor in all this and frankly he is the boss so if he suddenly decides no it’s not good enough we need more things done we know from past experience when the Bitcoin price Falls sometimes it really Falls so let’s
Understand the context of where we are with Bitcoin Bitcoin has been pumping for over a year now I was very bullish here I was very bullish here I was very bullish throughout this period I told you how bullish I was in multiple videos throughout this whole time very few
Others were as publicly bullish as me on bitcoin during this time you’re lucky if you subscribe to our Channel you’re probably doing well today before I share with you my biggest concern before I share with you my one biggest concern more broadly speaking a major concern today of mine is that everybody now
Seems Ultra bullish listen to Kate Rooney on CNBC perfectly articulate every single Bitcoin Catalyst for 2024 all of these things that she’s about to list to you we were talking about all of these throughout the last 6 Plus months it seems like mainstream media is watching us listen to every single point
Of hers including the bonus points she throws in at the end my question to you is if she realizes all of this is all of this already priced in bitcoin’s new bll run it’s being driven by two Upcoming Events first there’s this hope for an ETF approval and then something called
The having that’s coming up in April it’s up 65% or so in the past 3 months ETF that is the Big Driver guys of this price action the SEC has a January 10th deadline to approve or reject the ark 21 shares ETF that’s Kathy Wood’s proposal reuter is reporting that the SEC could
Notify issuers as soon as this week if they’ve been cleared to launch those ETFs if approved guys this would be a publicly traded fund tracking the price of Bitcoin so investors theoretically wouldn’t need to go to a crypto exchange or hold Bitcoin directly themselves so it may lower the barrier to entry here
Because of that some are arguing it’s going to bring in a wider range of investors and then potentially more institutional interests then you’ve got something called the Bitcoin having that’s coming up in April the key thing to know about that bitcoin’s new issuance gets cut in half so it’s a way
To keep a cap on Supply there the code is written so there’s only ever 21 million coins in circulation this Dynamic makes it less profitable though to earn new Bitcoin and more competitive for what are known as the miners so these are the companies using those massive high-powered computers to create
New Bitcoin those mining stocks think of marathon digital riia blockchain those guys have about double digits today or so micro strategy and coinbase also hire this morning actually coinbase turning lower down 6% or so the other driver for Bitcoin though same thing driving Tech small cap Tech especially some of the
Lower interest rates heading into this year potentially and return of risk appetite among retail investors so I am long-term bullish on bitcoin rest assured I am bullish on bitcoin this cycle I’m bullish because of Black Rock because of the grayscale verdict because of the having because of the Fed rate
Cuts because of General seller exhaustion because of the fraud and leverage being flushed out because because of the presidential election because of the Lindy effect because crypto is being seen as a flight to Quality and many many more reasons I do believe that Bitcoin is in a bull market
And Bitcoin hits 100K within the next two years but the reason I am strongly considering selling and buying back lower in about two weeks in about a month is because of something called the Jim Kramer Bitcoin reverse indicator Jim Kramer has like a 95% success rating at giving wrong crypto predictions he says
Sell the price goes up he says buy the price goes down if you chart out his price calls it’s amazing how often he’s been wrong this is him throughout 2021 bull market wrong here wrong here wrong here wrong here wrong here this is him at the beginning of 2023 the price was
So low when he said this such a good time to load up and position yourself for a lifechanging trade we called them out on this at this time too do do you remember when he got on TV and said this to you but now the big ones Bitcoin and
Ethereum are cascading I’m beginning to wonder whether one day sometime soon we won’t even need to have these quoted on the side of the television screen anymore won’t need or maybe shouldn’t I think it’s time we start questioning the fundamentals of crypto and I don’t like when we question the
Doom movement in 201201 when all things crypto took off with great Fanfare like the Doom bombs we were told that they were stores of value knew that they meant something that they would be around for a long time I believe that W 300 went out of business I’m at least
Big enough to admit that this time I was wrong about crypto I wish the real promoters do the same just cuz you make money in it which I was fortunate enough to do doesn’t necessarily mean that it’s for real so I think a s the news type
Price crash is coming because Jim Kramer is very bullish again today Jim Kramer just went on TV and proclaimed that crypto is real and crypto is here to stay listen this thing is it you can’t kill it no can’t and the late Charlie Munger who was so uh brilliant on so many
Things was blind to this now you can say wait a second maybe it’s all going to come on diamond has uh has not spared any negative words no but look I mean it’s a reality and it’s a technological Marvel and I think people have to start
Recognizing that it it it’s here to stay the sec’s been against it almost the whole time yeah now that doesn’t mean that every one of these is here to stay but I do think that it’s about this is a remarkable comeback that was unexpected and except for for all the Bulls who
Turned out to be right Gensler does a lot of jawboning didn’t work a lot of job on so if bitcoin’s price is to crash in the short term how low could we go 30k 20K 10K once again I want to reaffirm I’m bullish on bitcoin over the
Next two years I’m bullish on crypto this cycle but like we talked about Bitcoin has been increasing for over a year so if a crash is due this is what I’m looking at Bitcoin drops down to $32,000 there’s a lot of what used to be resistance now is support Bitcoin
Crashes down to $32,000 that’s what I think is likely also possible that Bitcoin rallies up to about $60,000 and then crashes down to about $332,000 maybe in February this is after a spot Bitcoin ETF gets approved we have a continuation price goes higher people think oh 100K is right around the corner
But we you know reverse back to the trend line reverse back to the mean and again touch support at $32,000 ultimately a very healthy thing before then going up you know it’s also possible that all of us are maybe a little too bearish all of us have been
Burnt by last cycle all of us are in the disbelief stage and it’s very possible that something happens like what happened in 2019 everybody thought thought 6K was going to be such huge resistance coming up but Bitcoin just blew past that and never went below it
Again except for the co Black Swan event so it’s also possible that Bitcoin just rallies up breaks all-time highs going into the having of course there will be pullbacks there will be 30% corrections but you know another possibility is ultimately that the Jim Kramer effect doesn’t work this time and you know we
Have much higher to go we are preparing for all scenarios here make sure you subscribe to the channel we keep you updated on a daily basis there is a lot of money to be made in crypto join the altcoin daily Army we give you an edge in the cryptocurrency market like the
Mainstream media would never do make sure you check out any of our videos from the past 6 months chocked full of value guys it’s going to be a great year
39 Comments
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Shes just a talking mouth someone has told her what to say. She knows FA. Just wish Cramer would shut, he made money in crypto absolute BS shut up Jim.
Nothing speaks volume like being humble.
Crashing close to 10k incoming.
Oh sure, sell because some random dude is giving his opinion, lol, gimme a break
BlackRock paying Jim Cramer to say that so they can buy cheaper 😆😆😆
Gensler is a bank appointed snake 🐍 🤣 wouldn't be surprised if he pulls a double cross.
It won't go below 40k. Remember when it was 30k and some analysts said it was going to 5k, while others said it will retest the 15.5. All nonsense. That was this year.
Just remember if you hold it won't be bad
Over time a tsunami of $$ is coming. Why would anyone with half a brian cell sell because FUDsters, market manipulators and traders might dump it to 40k before we take off?
When people say they prepare for all scenarios. It's not true lol. You are either bullish or bearish.
And right now it's BULLISH 🚀🚀🚀 especially for ADA
Dear God… Cramer…sigh…
It will hit 32 before it hits 54
It won't correct more than 10%, maybe not even that. Nobody is selling, only buying.
Bad news is good news for investors,if is going to crash many people will buy then price will go up again. There is nothing to worry about
I'll never sell my BTC
You are too biased!
Very inconsistent channel. You are confusing people. Stop
Time to lower your limit buys! Thanks for heads up Jim!
no prob, we all looking for better buy in prices so a 25 or 50% drop is very good news!
Do you ever think when you promote negative views you help cause them. Keep your mouth shut, it might help
In my experience, whenever everyone thinks something is a sure thing, there's some contrarian on the other side of that trade who gets rich as fuck.
Why is Altcoin Daily allowing a SCAM THEFT ADVERTISEMENT with Michael Saylor to run during this video?
Around 33k then lift off
Idiot view point. We need to keep positive to inspire new bitcoiners
Really? You're just living in fear today? And following Jim Cramer? All these things are hilarious
Bears really want it to crash, I'm not selling, I'd rather hold a crash than sell before a pump
Not gonna risk it.
HODL and buy more wen dip.
Is that Gary genslers brother lol
Fearp0rn. Remember go in heavy enough to make a difference in your life, but hold reserves for if things go bad. Seriously
inverse cramer seems to be quite consistent thus far, if it aint broke dont fix it!
What a trash video smh
Cramer sounded pretty neutral tbh, I think selling rn would be an awful idea
lmao bro
That's okay, so it might go opposite because they're being so bullish, that's what they do😮
Love a good sale
60-30 would b awesome
People want better price in BTC but they will not get it 😜
Never more than 20 million BTC will exist. Hold onto yours