Week 21 Bitcoin Price Forecast
Welcome to Chris Talks Crypto, your reliable source for all things cryptocurrency! Whether you're a seasoned investor or new to the crypto space, there's something here for everyone.
Bitcoin Price Forecast Week 21: We're in a period of record low volatility in crypto. There's a lack of funds flowing into the space from retail traders and institutional investors alike causing a stall in the price of Bitcoin. A couple key events need to happen prior to a major lift off in price for the crypto space.
1. Bitcoin's price needs to break and maintain a solid weekly/monthly close above $32K.
2. The SEC needs to approve the spot Bitcoin ETF (Deadline January 2024)
3. The 4th Bitcoin Halving needs to occur (April 2024)
I'm confident that we'll start seeing a return of funds into the space leading into the end of 2023 in anticipation of these major events. 2024 will be a fantastic year for crypto as a whole, but now is the time to accumulate projects that you believe have promise during the bull run.
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See you on the moon!
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