2024

Rekt

<p>This past week, two influential crypto analysts, <strong>Andrew Kang</strong> and <strong>Rekt Capital,</strong> highlighted a confluence of potentially massive bullish catalysts for Bitcoin.</p>
<p>Kang <a href="https://twitter.com/Rewkang/status/1742011188609712263" target="_blank" rel="noopener noreferrer nofollow">notes</a> that market consensus sees ETF approval as long-term bullish for BTC price action. However, he believes the more immediate impact of frontloaded inflows is being overlooked.</p>
<ul>
 <li>ETFs bring in consistent management fees; gold ETFs generate $720 million annually, for example.</li>
 <li>Getting customers now locks in 10x+ more long-term value vs. later with crypto adoption curves.</li>
 <li>ETF issuers will thus spare no marketing expenses in an urgent land grab.</li>
 <li>Potentially rivaling 2021 apex bubble retail hype levels.</li>
</ul>
<p>Rekt Capital additionally <a href="https://twitter.com/rektcapital/status/1741974843027820971" target="_blank" rel="noopener noreferrer nofollow">highlights</a> Bitcoin’s process of breaking out of a multi-month consolidation pattern:</p>
<ul>
 <li>BTC revisited the key descending pattern before punching through resistance.</li>
 <li>Significantly more daily closes are now occurring above the level to confirm.</li>
 <li>Any throwback dips into previous resistance would fully validate the breakout.</li>
</ul>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="726" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-1024x726.png" alt="" class="wp-image-411743" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-1024x726.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-300x213.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-767x544.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-1536x1089.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-2048x1452.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-494x350.png 494w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11-788x558.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-11.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>And finally, the 2024 Bitcoin halving continues rapidly approaching. Historically, 12–18 months of pre-halving saw BTC ignite into parabolic bull runs. This timeline syncs up perfectly with the ETF/technical catalyst combo identified.</p>
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<p>In summary, ETF inflows, technical breakouts, and halving hype all simultaneously converging make a compelling case for the tremendous Bitcoin price appreciation potential ahead, argued the analysts this week.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-says-bitcoin-at-45000-feels-mispriced-for-2024-etf-inflows-states-btc-is-in-the-process-of-breaking-out/" rel="noopener noreferrer nofollow">Analyst Says Bitcoin at $45,000 Feels Mispriced for 2024 ETF Inflows, States BTC Is in the Process of Breaking Out</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Says Bitcoin at $45,000 Feels Mispriced for 2024 ETF Inflows, States BTC Is in the Process of Breaking Out

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