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2023 was an extremely busy, exhausting, sleepless period, but we can say it did not turn into a nightmare like 2022. The prices of many altcoins fell below their 2022 lows, but we did not see a psychological collapse in the market reminiscent of the FTX, LUNA, 3AC era. There was more hope, and those who were patient in the last quarter received their rewards. So what will happen tomorrow?
What Will Happen to Cryptocurrencies Tomorrow?
The term “tomorrow” here refers to focusing on short-term expectations beyond 24 hours. As we count down the final minutes to 2024, investors maintain their hope. Those who have made decisions throughout the year are hoping to reap the real rewards in 2024, looking forward to the reward season, the real crypto bull run.
Even on the toughest days of the bear market, including the day FTX collapsed, what we expressed here was that there were bigger chaoses in crypto. Moreover, we wrote that the declines would not last forever and that those who took the right steps would embark on a great reward journey from the bottom to the top. Investors are ultimately human, and there is a lot supporting this expectation they have entered into.
Predictions from Crypto Experts
Let’s take a look at the current view from the perspective of analysts. Crypto Chase wrote on his social media account that the short-term view on the 4-hour chart reflects a downtrend. According to him, BTC should fall to $40,500 within hours, maybe days. However, he says that this mood will reverse with the approval of an ETF, and we will see a move to $46,000 within a 2-week period.
WhalePanda similarly states that a limited rise could occur after the approval, followed by a pullback. Those who believe a “sell the news” event will happen today are almost equal to those who argue that a continuous rise will start with the ETF approval, and we should be prepared for surprises.
Adam Back said the following;
“From now on, we should surpass $70,000 in April-May with a steady rise like a normal Bitcoin bull market. Even if we pause during the summer months, I expect to end the year around $100,000-$120,000.”
Skew and CredibleCrypto noted that the bid liquidity on the US exchange Coinbase is moving towards the spot price. Both said this supports more lively trade conditions. Michael Poppe, founder and CEO of MN Trading, as the last analyst, wrote the following;
“The cumulative value of cryptocurrencies has risen from 1 trillion dollars to 1.62T $. The rise is perfect, but we may be looking at a potential peak. The area around approximately 1.85T $ or 2.10T $ could be good for consolidation. What’s next? Ethereum will perform better than Bitcoin in 2024. Enjoy the journey!”
