Bitcoin Snaps 8-Week Streak But Predicted to Hit $75K by 2024 Perfect Storm of Spot ETFs and Halving
• Bitcoin's price cooled to $41,800, down 4% this week, snapping an 8-week winning streak since 2017. Investors moved $860M of BTC to exchanges, signaling profit-taking.
• BTC predicted to hit $75,000 in early 2024 as U.S. spot bitcoin ETF approval and halving narratives combine, per WOO Network.
• Recent dip likely a blip as BTC primed for 2024 with investment narratives like falling interest rates, risk-on sentiment, impending ETF listings, and April 2024 halving.
• Long-term HODLers haven't started selling despite short-term profit-taking, restricting BTC supply.
• "Perfect storm" brewing of spot ETF listings and halving for BTC to reach all-time highs by end of 2024, potentially even sooner per experts.