ilmscore | NFA Live: Bitcoin in 2024

NFA Live: Bitcoin in 2024

Predictions from this Video

Total: 15
Correct: 0
Incorrect: 0
Pending: 15
Prediction
Topic
Status
Bitcoin may experience a 'sell the news' retracement shortly after the halving event.
"typically you do see almost a sell the news event... possibly a retracement post haling just because we have seen the news go out the way"
BTC
Pending
Ben speculates that the Ethereum spot ETF will be rejected in May 2024, leading to a period of uncertainty, and then potentially approved in 2025.
"I wonder if it's going to be like it gets rejected in May... and then maybe it'll be approved next year you know um maybe maybe it'll be one of those things that we just have to figure stuff out for the next year or so and then it gets approved in in 2025"
ETH
Pending
Ben predicts that after a potential Ethereum ETF rejection in May 2024, ETH/BTC will break support and go down, leading to capitulation. It will then bottom around the time the Fed pivots (cuts rates), and subsequently build up towards a spot ETF approval in 2025.
"I just wonder if it's gonna you can kind of see the narrative playing out right it gets rejected eth Bitcoin breaks support goes down everyone capitulates and then it bottoms right around the time the FED pivots just like it did last cycle you know and then and then maybe it slowly starts to build up into into this spot ETF actually being approved next year"
ETH
Pending
Ben predicts that the ETH/BTC ratio will break down and bottom out between 0.03 and 0.04 within the next two to three months (April-June 2024). It will then consolidate at that level for the remainder of 2024, before beginning to trend higher in 2025.
"I I do think [ETH/BTC] will break down... my best guess for a bottom is between 0.3 to 0.4 I I think that's where it's going to find its bottom the low and then I I I would suspect that it would build out a base around that level and then probably start to Trend higher uh next year is is kind of is kind of what I'm thinking so go to 03 04 sometime in the next two to three months and then spend the rest of the year down there and then start trending back up again potentially in in 2025"
ETH
Pending
The Bitcoin halving event is predicted to attract more people to crypto.
"it'll definitely be a talking point that I do predict to bring on a lot more people"
Crypto Adoption
Pending
Crypto will experience a 'bumpy road' over the next ~6 months (until ~Sep-Oct 2024), followed by a 'massive bull run', with new retail investors ('tourists') joining around that 6-month mark.
"the tourists are going to come in six months or so but just know that it's gonna be a bumpy road getting to that Promised Land of this massive bull run"
Crypto Market Cycle
Pending
Retail investors are predicted to return to crypto, driven by the introduction of new products.
"I think that retail is coming is going to come back when these new products come in"
Crypto Adoption
Pending
Jessica predicts a continuous series of crackdowns on crypto by the US government due to its ability to facilitate financial transactions outside traditional banking systems.
"are We constantly going to see crackdowns on crypto yes because crypto is the only way to move real US Dollars without the help of a US correspondent bank and the US government um they hate that this is not an ideal setup for them"
Crypto Regulation
Pending
Jessica predicts that off-ramping crypto will be one of the biggest challenges for users during the current market cycle, especially as gains increase.
"I think it's going to be one of the biggest pain points that we're going to see in this market cycle just because of the the the gains that we are going to see in the industry how people get those funds out and they're able to reintroduce them into their day-to-day life"
Crypto User Experience
Pending
Rob predicts that AI, DePIN (Decentralized Physical Infrastructure Networks), Web3, and Bitcoin L2s (Layer 2s) will be the 'next big narratives' driving the crypto market, especially Bitcoin L2s due to ETF excitement.
"I think AI will be big dpin web 3 I've always talked about and I didn't see this one coming but we just talked about this in the very beginning l2s on bitcoin I didn't think this would be a big thing and I think it'll be a big thing because it leads itself to what we just talked about the ETF and people are so excited about that... I think that'll be the next big narrative potentially"
Crypto Market Narratives
Pending
Jessica agrees that DePIN, Real World Assets (RWA), and ecosystems building on the Bitcoin network (Bitcoin L2s) will be trending narratives that people will value and invest effort into.
"agree with uh with Rob with the whole the deepin and rwa as a kind of a trending talking point um I think as well agreeing with um the idea of other ecosystems are building on top of the Bitcoin Network I think that's going to be something that people will really see value into and want to put a lot of effort into"
Crypto Market Narratives
Pending
Jessica predicts that crypto gaming will resurface as a narrative, and an altcoin season will begin.
"crypto gaming is something that will probably come back out again and crypto platforms that are rolling up hopefully we start to see a little bit more of an altcoin season kind of get underway"
Crypto Market Narratives & Altcoins
Pending
Jessica predicts that regulations, particularly stablecoin regulations in Europe, will be a significant topic in the crypto space.
"I think regulations unfortunately are going to be a bit of a talking point as well we've got some stable coin regul is coming into Focus over here in Europe"
Crypto Regulation
Pending
Ben predicts that the Federal Reserve will implement rate cuts in 2024, possibly starting in June.
"my my guess is that they will cut um this year I just you know probably probably in June perhaps"
Macroeconomics (Federal Reserve Policy)
Pending
Ben predicts that larger market cap altcoins will continue to underperform (bleed against) Bitcoin in the short term and will not make a turn until after Federal Reserve rate cuts occur.
"I do think the larger market cap alts will make a turn against Bitcoin at some point but I don't think that's going to occur until after rate cuts um until then I I just think they just they're just going to keep on bleeding and um I don't see that changing in the short term"
Altcoin Performance
Pending