The End of Bitcoin & Crypto...

CryptosRUs

Overview of the Crypto Market

The crypto market, particularly Bitcoin, has experienced significant volatility in recent days. Despite this, the overall performance of Bitcoin in 2024 has been exceptionally positive, with a year-to-date gain of 118%. This growth is attributed to various factors, including the accumulation of Bitcoin by large investors, institutions, and countries.

Factors Influencing Bitcoin's Price

Several factors are influencing Bitcoin's price:

  • Supply Shock: The reduction in available Bitcoin supply due to large-scale purchases is driving up the price.
  • Market Manipulation: Market makers and whales are causing price volatility to liquidate positions on both the long and short sides.
  • End-of-Year Rebalancing: The last day of 2024 may see further volatility due to profit-taking and tax harvesting.

institutional and Corporate Involvement

  • Tether's Bitcoin Purchases: Tether has added $705 million worth of Bitcoin to its reserves, indicating significant demand.
  • Sailor's Strategy: Despite concerns over leveraging, Sailor continues to buy large amounts of Bitcoin.
  • BlackRock's ETF: The success of Bitcoin ETFs, such as BlackRock's, which has $50 billion in assets, demonstrates institutional interest in crypto.

Outlook for 2025

The host believes that after the end of 2024, the market will start rallying again. Historical patterns suggest that after periods of volatility and correction, Bitcoin tends to resume its upward trajectory. The host also mentions that various altcoins have shown impressive year-to-date performances, suggesting a broad-based recovery in the crypto market.

Technical Analysis and Predictions

  • Support Levels: The host discusses the importance of hitting major support levels, which could signal the beginning of a new rally.
  • Historical Patterns: Reference is made to past cycles where corrections were followed by significant rallies.
  • Price Predictions: The host speculates about potential future prices, mentioning that reaching $200,000, $500,000, or even $1 million is not unimaginable in the long term.

Q&A Session

The Q&A session covers a wide range of topics, including:

  • Altcoin Performances: Discussions on the performances of various altcoins such as XRP, Hedera, Pepe, and others.
  • Influencer Targets: The host addresses questions about whether every crypto influencer has the same Bitcoin target, stating he doesn't know other influencers' targets.
  • Projects and Technologies: There are questions about specific projects like Velo, Griffin, and others, with the host expressing skepticism or lack of knowledge about some of them.

Conclusion

The host concludes by expressing optimism for the crypto market in 2025, encouraging viewers to stay strong and positive. The final message is one of looking forward to the new year with anticipation for what it may bring to the crypto space.