Quote:
Originally Posted by jscott
2024 is the Bitcoin inflation halving, highly doubt you'll see $4k then.
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My point is that it takes some time for things to unfold. Banks are crashing. If FED comes to the rescue and cuts the rates (which is unthinkable) we will see hyperinflation which means they will have to increase rates later, probably in 2024 when we can expect the black swan event.
If they decide to kill the inflation instantly and increase rates by 100bps or more, things are going to get bad pretty quickly.
When you have such a bad macro, markets don't care about TA, halving, etc.
When COVID happened everything went to shit within days.
But yeah, long-term Im bullish on BTC, I just prefer buying close to the bottom and we ain't close to the one IMO. Will start DCA once it reaches 12k.