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Why a 30% Bitcoin Correction Could Be Its Most Bullish Move Yet
Bitcoin’s recent volatility, including struggles to maintain the $100,000 threshold, has analysts suggesting a correction of 20–30% could signal a healthy market reset. Historical trends show such dips often precede new highs.
Joe G & Money Talks
December 29, 2024 • Estimated Reading Time: 6 minutes
What we will talk about today...
Bitcoin, Gold, and Silver: Preparing for 2025’s Predicted Market Crash
Why a 30% Bitcoin Correction Could Be Its Most Bullish Move Yet
MicroStrategy’s Bitcoin Holdings Surpass Next Halving Epoch's Entire Output
Financial expert Robert Kiyosaki predicts a historic market crash and advises baby boomers to sell traditional assets and invest in gold, silver, and Bitcoin. The rise of cryptocurrencies, driven by FOMO, continues to captivate investors despite risks.
Main Points:
Market Crash Warning: Kiyosaki predicts a global crash affecting stocks, bonds, and real estate.
Investment Shift: Advises transitioning to gold, silver, and Bitcoin as safer assets.
Bitcoin’s Surge: Valued at $100,000, Bitcoin’s 142% rise outshines gold’s 32%.
Crypto Risks: Fraud, volatility, and losses remain significant concerns for investors.
Detailed Insights:
Crash Predictions: Kiyosaki warns baby boomers to sell traditional assets before a severe market downturn, calling Bitcoin the "dark horse" investment for the future.
Bitcoin’s Performance: From a $0.0009 value in 2009 to $100,000 today, Bitcoin has grown amid skepticism, with global crypto holdings nearing $3.8 trillion.
Risks of Crypto: Over 14,000 cryptos have vanished since 2023, with $5.6 billion in losses and a 45% spike in fraud.
FOMO’s Role: Fear of missing out drives crypto investment, fueled by influencer endorsements and psychological triggers like fear and greed.
Global Adoption: Countries like El Salvador have adopted Bitcoin as legal tender, showcasing its appeal beyond traditional financial systems.
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Why a 30% Bitcoin Correction Could Be Its Most Bullish Move Yet
Bitcoin’s recent volatility, including struggles to maintain the $100,000 threshold, has analysts suggesting a correction of 20–30% could signal a healthy market reset. Historical trends show such dips often precede new highs.
You don’t want #Bitcoin $BTC to dip below $92,730—it’s essentially free fall territory if that level breaks.
— Ali (@ali_charts)
3:46 PM • Dec 27, 2024
Main Points:
Market Correction: Analyst Ali Martinez sees 20–30% drops as key for market health.
Critical Levels: A dip below $92,730 may lead to sharp declines to $60,000.
Long-Term Growth: Bitcoin has added $1 trillion in market cap in 2024.
Detailed Insights:
Corrections as Bullish Indicators: Historically, Bitcoin rallies have followed 20–30% retracements, a pattern evident since 2016.
Key Support Levels: Falling below $92,730 could trigger a sharp decline; maintaining above this level supports recovery.
Market Sentiment: Despite short-term weakness, indicators like the Fear & Greed Index (72) show optimism, and the 200-day SMA ($70,978) remains bullish.
Institutional Optimism: Pro-crypto government policies and institutional adoption are boosting long-term growth, with projections of $200,000 by year-end.
₿itcoin reached $95,039. +0.41%
♢Ethereum reached $3,401. +1.41%
MicroStrategy now holds 444,262 BTC, exceeding the 328,125 BTC projected to be mined in the next halving epoch. This highlights the company's significant role in Bitcoin’s scarcity-driven ecosystem.
MicroStrategy owns more bitcoin than will be mined in the entire next halving epoch.
MicroStrategy: 444,262 BTC
Next halving epoch: 328,125 BTCLet that sink in.
— Eli Nagar (@EliNagarBrr)
6:33 PM • Dec 28, 2024
Main Points:
Massive Holdings: MicroStrategy’s Bitcoin stash is larger than the total mined BTC expected in the 2028–2032 halving epoch.
Halving Impact: Halving reduces Bitcoin block rewards by 50%, enhancing scarcity.
Institutional Influence: MicroStrategy has aggressively accumulated BTC since 2020.
Detailed Insights:
Bitcoin Halving Dynamics: Bitcoin’s reward per block halves every four years. The next epoch (2028–2032) will yield 328,125 BTC at 1.5625 BTC/block.
MicroStrategy’s Accumulation: As of Dec. 22, 2024, the company holds 444,262 BTC, purchased for $27.7 billion at an average price of $62,257 per BTC.
Recent Acquisition: MicroStrategy added 5,262 BTC for $561 million at $106,662/BTC on Dec. 23.
Ecosystem Influence: With holdings surpassing future mining output, MicroStrategy underscores institutional adoption's impact on Bitcoin’s supply dynamics.
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results