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Morgan's founding creek and cio mark yusko says that Bitcoin () could be in the middle of changing its trend as it prepares for half of 2024.
In a new cryptoal joke interview, yusko says that bitcoin may already be in a phase of lateral accumulation after successfully recovering the $18,000 price level.
It also estimates that the BTC is approaching a new bullish market based on the half-cycle.
"The decline has gone from $18,000 to $15,000 and to $18,000. We made the perfect cup and handle pattern, but spring – interestingly enough, think about the four-year cycle, spring is basically flat…
The decline has gone from $18,000 to $15,000 to $18,000. We made the perfect cut and handle pattern.
The halving, which slashes the rewards issued to Bitcoin miners by half, is slated to take place in March 2024. There is a great deal of volatility.
Summer, from April to May, typically 9 months before half, this is where the fun will come." Half of it, that cuts Bitcoin miners' awards by half, scheduled for March 2024. The former hedge fund says the event "guarantees" that the price of the flagship crypto asset will increase. "The reality is Bitcoin has been so perfectly crafted. It's just unbelievable when you think about it. That is why I am almost certain that Satoshi is not a single person because I do not think that a single person can be so intelligent.”
It's just unbelievable when you think about it.
In one more interview with Crypto Banter, Yusko told Bitcoin can already be in a phase of lateral accumulation after successfully recovering the $18,000 price level.I am certain of one thing – that blockchain technology is the evolution of computing power that has been going on since the 1950s…
We are going to replace trust with truth and blockchains are going to run everything. "yusko also explains why he thinks Bitcoin is one of the largest games an investor can do. "There is one thing I am sure." – that blockchain technology is the evolution of computing power that has been going on since the 1950s…we are going to replace trust with truth and blockchains are going to run everything. I'm sure of that, and the Bitcoin blockchain is the strongest supercomputer in the world. We will replace confidence with truth and the blockchains will handle everything.
