{"id":21495,"date":"2024-01-11T07:30:00","date_gmt":"2024-01-11T12:30:00","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=21495"},"modified":"2024-01-11T07:30:00","modified_gmt":"2024-01-11T12:30:00","slug":"what-2024-means-for-bitcoins-price","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/what-2024-means-for-bitcoins-price\/","title":{"rendered":"What 2024 Means for Bitcoin\u2019s Price"},"content":{"rendered":"

Remember when Bitcoin was under $100, and someone said, “Buy it!”?<\/p>\n

Well, that was me.<\/p>\n

I’ve been a fan of Bitcoin and written about it from those early days. I cheered for it at $10, $100, and $1,000, while others thought it was just a fad.<\/p>\n

Watching Bitcoin shoot up and then drop has taught me a lot.<\/p>\n

And, today, I’ll show you why 2024 is set to be a good year for Bitcoin.<\/p>\n

2024’s Big Event: The Halving<\/strong><\/p>\n

In 2024, everyone’s getting excited about “the halving.”<\/p>\n

This is when the number of new Bitcoins is cut in half. This happens roughly every four years… and it can make big waves when it does.<\/p>\n

For example, in 2012 and 2016, Bitcoin’s price went way up after each halving.<\/p>\n

Now, it’s looking like Bitcoin is set to reach super high prices again…<\/p>\n

Here’s what’s happened following the last few halvings:<\/p>\n

<\/p>\n

\"Image\"<\/p>\n

The Golden Cross: A Helpful Hint<\/strong><\/p>\n

Now, let’s talk about something called the “Golden Cross.”<\/p>\n

This might sound fancy, but it’s just a way to look at Bitcoin’s price momentum over time.<\/p>\n

When the 50-day moving average line crosses above the 200-day moving average line, that’s the golden cross. In simple terms, it often means that Bitcoin’s price has upward momentum and that Bitcoin’s price will tend to move up.<\/p>\n

Here’s what’s happened following the last few golden crosses in Bitcoin:<\/p>\n

<\/p>\n

\"Image\"<\/p>\n

It’s like a hint that there has been some solid long-term excitement in Bitcoin.<\/p>\n

If you were to extend this since Bitcoin first launched, you would see the indicator had higher than a 95% success rate.<\/p>\n

<\/p>\n

\n
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Free Trading Resources<\/strong><\/p>\n

Have you checked out Jeff’s free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career \u2013 at zero cost to you. Just click here<\/a> to check it out.<\/p>\n<\/p><\/div>\n<\/div>\n

<\/p>\n

2024: A Year to Watch Carefully<\/strong><\/p>\n

So, what’s the plan for 2024? We have big hopes because of the halving and the Golden Cross, which indicates good times are ahead.<\/p>\n

Ultimately, whether you’re a beginner or an experienced investor, the Golden Cross for Bitcoin is a 95% success rate indicator and should always be considered when investing in bitcoin or other cryptocurrencies.<\/p>\n

Leveraging Data for You,<\/p>\n

Brad Hoppmann
Analyst, Market Minute<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

2024 is set to be a good year for bitcoin.<\/p>\n","protected":false},"author":55,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[97],"newsletter-type":[],"ticker":[],"class_list":["post-21495","post","type-post","status-publish","format-standard","hentry","category-market-minute","publication-market-minute","person-brad-hoppmann"],"acf":[],"_links":{"self":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/21495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=21495"}],"version-history":[{"count":0,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/21495\/revisions"}],"wp:attachment":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=21495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=21495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=21495"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=21495"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=21495"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=21495"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=21495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}