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Nvidia or Broadcom? Who will be the winner ? How big is the custom chip market? By 2027, the custom chip market is expected to reach $90 billion. What does this mean for Nvidia? Nvidia vs. Custom Chips In the custom chip (ASIC) sector, two major players, Broadcom ( NASDAQ:AVGO ) and Marvell ( NASDAQ:MRVL ), have overshadowed Nvidia. Since the end of Q2, they have outperformed the tech giant by approximately 30% and 50%, respectively. With tech giants like Amazon ( NASDAQ:AMZN ), Google ( NASDAQ:GOOGL ), and Microsoft ( NASDAQ:MSFT ) developing and accelerating the production of their own chips, the market has finally recognized the huge opportunities in custom chips. How big is the custom chip market? Based on comments from the two leading custom chip players, we estimate that by 2027, the custom chip market will grow to $90 billion, with a compound annual growth rate (CAGR) of over 60%. Earlier this year, Marvell offered a more conservative forecast, predicting that the market will reach $75 billion by 2028, but with early customer growth suggesting further upside potential. Broadcom’s forecast is even more impressive, estimating the market could reach anywhere from $60 billion to $90 billion by 2027. Both companies have strong platforms. Marvell’s biggest customers are Amazon and Microsoft, and after gaining deeper insight into their growth, they suggest Marvell’s market prediction might be conservative. Broadcom’s top clients include Google, Meta, and ByteDance, all of whom plan to shift to clusters of one million XPU units by FY2027. Reports also suggest that Broadcom has secured two additional customers (potentially Apple and OpenAI). What does this mean for Nvidia? Nvidia’s stock price is currently consolidating, and even when using enterprise value (EV)/EBITDA as a metric, its valuation is now below that of Marvell and Broadcom. Source: Bloomberg,Spear Invest Investors now expect Nvidia’s market share to significantly decline by 2027, leading to slower revenue growth. However, the market has underestimated two key factors: The strength of CUDA. The yearly product improvement cycle. I believe CUDA holds a powerful advantage that will reduce the pressure on cloud service providers (CSPs) to promote custom chips at scale. Given that the cloud market accounts for about 50% of the total market, I believe that capturing half of this market between 2027 and 2030 would be a major win for custom chip providers. Currently, the market assumes, based on comments from Broadcom’s CEO, that most CSP revenue will flow to custom chip vendors, but Broadcom’s assumption may be overly optimistic. Furthermore, whether custom chips can keep up with Nvidia’s yearly product launch cycle remains to be seen—Nvidia’s new products consistently show significant performance improvements with each generation. Our best estimate is that Nvidia’s competitors are still on an innovation cycle of about 1 to 2 years behind Nvidia. Source: Bloomberg,Spear Invest Nonetheless, the AI industry chain, especially in the medium to long term, will continue to benefit. For example, AI + Generative Content (AIGC) companies like Adobe ( NASDAQ:ADBE ) and Unity Software ( NYSE:U ), AI + Software companies like Palantir ( NASDAQ:PLTR ), AI + Insurance companies like AIX Inc. ( NASDAQ:AIFU ), and AI + Financial companies like Block ( NYSE:SQ ) will all benefit.
NASDAQ:AVGOLong
by xugina78
APPLE 270 - 300 - 320 TP BY 2025 Apple's potential to reach a stock price of $320 by 2025 is significantly bolstered by its strategic shift towards artificial intelligence (AI). Here are key reasons why this could happen: AI-Driven iPhone Upgrades: Apple is poised to enter what analysts describe as a "multi-year AI-driven iPhone upgrade cycle." This cycle is expected to drive significant hardware sales as consumers upgrade to newer models equipped with advanced AI capabilities. The introduction of Apple Intelligence, a suite of AI features, is anticipated to make the iPhone more compelling, encouraging upgrades even from users with relatively new devices.📷📷📷 Expansion in Services Revenue: With AI, Apple aims not just at hardware but also at enhancing its services ecosystem. Features like Apple Intelligence are expected to spawn new AI-driven apps and services, creating new revenue streams. This could lead to a multi-billion-dollar increase in services revenue, which traditionally accounts for a substantial portion of Apple's income.📷 Market Sentiment and Analyst Predictions: Recent analyst upgrades reflect a strong bullish sentiment on Apple's stock due to its AI strategy. For instance, Wedbush has raised the price target to $325, suggesting Wall Street might be underestimating Apple's growth potential in the AI space. This optimism could drive investor confidence and stock value upwards.📷📷📷 Innovation and Market Positioning: Apple's focus on on-device AI, privacy, and security differentiates it from competitors. By integrating AI into its core products like Siri, Photos, and even the new iPhone SE expected in 2025, Apple can maintain or even increase its market share in both developed and emerging markets. This is particularly relevant as AI becomes more integral to everyday device usage.📷📷 Regulatory Adaptation: Despite facing regulatory challenges, Apple's ability to adapt and navigate these issues while continuing to innovate in AI could further solidify its market position. Compliance with new laws while maintaining innovation could be seen as a testament to Apple's strategic foresight, potentially boosting investor confidence.
NASDAQ:AAPLLong
by NYRUNSGLOBAL
NVDA Nvidia Among My Top 10 Picks for 2025 | Price TargetIf you haven`t bought the recent dip on NVDA: My price target for NVDA in 2025 is $170, driven by the following fundamental factors: Dominance in AI and Data Center Markets: NVIDIA is a leader in the artificial intelligence (AI) and data center sectors, which are expected to experience exponential growth. The company's GPUs are critical for AI applications, and its data center revenue has surged dramatically, reaching $14.51 billion in Q3 2023—a threefold increase year-over-year. Analysts predict that NVIDIA's revenue could reach approximately $111.3 billion in 2025, driven by the relentless demand for AI technologies and the expansion of data center capabilities. Innovative Product Pipeline: The upcoming introduction of NVIDIA's Blackwell architecture is set to enhance its competitive edge further. This new line of chips is designed to deliver unprecedented performance levels for AI applications, solidifying NVIDIA's leadership in the sector. The anticipated demand for these advanced products is expected to bolster revenue and profitability significantly. Additionally, NVIDIA's continuous investment in research and development ensures that it remains at the forefront of technological advancements. Strong Financial Performance and Market Sentiment: NVIDIA has demonstrated robust financial health, with gross margins consistently above 70% and earnings per share (EPS) forecasts reflecting strong growth. The company has also engaged in substantial share repurchase programs, returning value to shareholders while signaling confidence in its future performance. Market sentiment remains overwhelmingly positive, with analysts frequently upgrading their price targets based on NVIDIA's strong fundamentals and growth trajectory.
NASDAQ:NVDALong
by TopgOptions
The Magnificent Seven Stocks: A Stellar 2024 and Uncertain 2025The Magnificent Seven Stocks: A Stellar 2024 and an Uncertain 2025 The Magnificent Seven is a term used to describe the seven largest technology companies that dominate the global economy through their scale, innovation, and high market capitalisation. These companies are often key drivers of the US stock market, and in 2024 (as in 2023), they confirmed their leadership, with most outperforming the broader market indices. Below are approximate performance estimates for the end of 2024: → S&P 500 (US SPX 500 mini on FXOpen): +26% → Apple (AAPL): +38% → Microsoft (MSFT): +18% → Amazon (AMZN): +52% → Alphabet (GOOGL): +42% → Meta Platforms (META): +43% → Tesla (TSLA): +87% → Nvidia (NVDA): +189% What does 2025 hold for the Magnificent Seven? Motley Fool offers a cautious outlook for the coming year, suggesting that some of these leaders may run out of steam due to inflated stock prices relative to their intrinsic value and profit forecasts. Zacks analysts have examined the fundamentals and identified three stocks from the Magnificent 7 that are worth considering for value investors: 1. Alphabet (GOOGL) Alphabet has the lowest price-to-earnings (P/E) ratio among the Magnificent 7, standing at 23.9. While this doesn’t say it is a value stock (value stocks typically have a P/E below 15), it is relatively cheap compared to its peers. Moreover, Alphabet now pays dividends. 2. Meta Platforms (META) Meta Platforms remains attractively valued with a forward P/E of just 25.8. It also boasts a relatively low price/earnings-to-growth (PEG) ratio of 1.3 (a PEG below 1.0 indicates a reasonable price relative to expected profit growth). The 1.3 PEG is appealing, and like Alphabet, Meta has started paying dividends. 3. Amazon.com (AMZN) Once aiming to be the "store for everything," Amazon has expanded far beyond this with its AWS division, Whole Foods, sports and entertainment programming on Prime, and even chip manufacturing. Amazon has the lowest price-to-sales (P/S) ratio among the Magnificent Seven, at 3.8. Although a P/S below 1.0 is typically considered attractive, Amazon remains appealing to investors. For comparison, Microsoft’s P/S ratio is 13.1, while Nvidia’s is 29. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
FXOPEN:SPXM
by FXOpen
2
Bullish pattern on NVDAThe stocks is placing a bullish pattern Descending broadening wedge CASE 1: formation of a descending broadening wedge after a trough This type of pattern appears on the troughs, it is a bullish reversal pattern. The break in the resistance line definitively validates the pattern. The price objective is determined by the highest point at which the descending broadening wedge was formed. NB: often, the steeper the descending broadening wedge’s trend lines, the faster the price objective is reached. Statistics of the descending broadening wedge after a bullish movement In 80% of cases, the exit is bullish. In 75% of cases, a descending broadening wedge is a reversal pattern. In 60% of cases, a descending broadening wedge’s price objective is achieved when the resistance line is broken. In 21% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line.
NASDAQ:NVDALong
by K-alonzi
NVIDIA: Higher Timeframe Bullish Construction in Play!NVIDIA is showing a bullish uptrend construction, with key levels highlighted on the weekly chart. The stock has dipped into the latest higher high level, finding support around $124. The recent range has retraced 16% from the top, reflecting a healthy pullback within an uptrend. If the $124 support level holds, there is potential for a higher timeframe bullish impulse targeting the $160 range, which aligns with the previous impulse that drove the stock to the $128 higher high. 📈 Trade Idea: Monitor price action around $124 for signs of support, such as volume increases or bullish candlestick patterns. Entry zone: Between $124 and $128, with stops placed below $124. Targets: TP1: $140 (mid-level resistance) TP2: $160 (higher timeframe target) 🚨 Risk Management: While the technical outlook leans bullish, it’s important to consider external factors or bearish triggers that could alter the setup. 🌟 Sentiment: Bullish The structure on the weekly chart supports the idea of a continuation toward $160, provided the $124 support level remains intact. Feedback and insights are welcome! Let’s discuss potential setups in the comments. #NVIDIA #BullishTrend #StockAnalysis
XETR:NVDLong
by Crypto21Official
NVIDIA to ATH $153 until end of 2024 (16% ROI)With NASDAQ:NVDA , we are currently in a promising position to see a final exaggeration into the end of the year. The stock has risen over 180% percent in 2024 and I think we have a good chance to make 200% out of that. Looking at the chart we can see a clear uptrend trendline starting in August this year with multiple touchpoints along the line. Since October we're consolidating within the range from $131 to $153. After touching the trendline on thursday last week we're good to go higher (at least for now). Resistance will be the current ATH at $153. If we fail to hold the level at $131 on the daily chart the trade will be invalidated. That leaves us with 16.54% ROI in total. Target Zone $153.00 Support Zone $131.00
NASDAQ:NVDALong
by LGNDRY-Capital
4
NVIDIA (NVDA): Post-Earnings Battle Between Bulls and BearsIt is getting harder for $NVDA. Nvidia's earnings appear to have produced a muted market reaction for once. The chip maker's blowout quarterly report was good enough to support the stock but not provide another leg to its stunning rally. By any normal measure Nvidia's third-quarter numbers were stunning, as it nearly doubled its revenue from the prior year. However, its guidance wasn't as strong as some analysts had expected. Which is incredibly if you think that doubling its revenue is not enough for Nvidia to surge higher once more. Attention will now turn to the rollout of Nvidia's Blackwell artificial-intelligence chips Our attention will stay on the chart and we can see this kind of market behaviour in the chart really well. It seems as if bulls and bears are now battling about this earnings report and there are definitely some people trapped with option calls on NVIDIA that they have bought before the earnings. NASDAQ:NVDA has build somewhat of a trend channel and keeps on defending the lower edge of it very well in the past. The question now is if the wave ((iv)) is already finished or not. With the fact that NASDAQ:NVDA is loosing momentum on the RSI but still being able to reclaim the VAL and putting in higher highs we think is is very likely that we are seeing some kind of pullback/blowout of those positions that have been opened and trapped at the all time high now. Still NASDAQ:NVDA is a stock that can put in 10% next week and nobody would be astonished. Therefore we are moving our stop loss from our current open position to 114.50$ and setting alerts for a possible buying opportunity again on $NVDA.
NASDAQ:NVDALong
by freeguy_by_wmc
Is NVIDIA Ready to Break Out or Break Down?Good morning, trading family! How’s everyone feeling today? Got your coffee? Charts ready? It’s time to dive in and see what the market has in store for us. Here’s the vibe: NVIDIA’s setting up for something big—are we aiming for $142 or sliding to $119? It’s like a game of tug-of-war, and the market’s holding the rope. Quick Tip: Remember, trading is about patience and discipline. If you’re feeling stuck, step away, take a breath, and come back with a clear head. The market’s not going anywhere. If you want a closer look at these setups or other ideas I’m watching, feel free to check out my profile or send me a DM—I’m always happy to share insights or answer questions. Let’s make it a great day! Kris /Mindbloome Exchange Trade What You See
NASDAQ:NVDA
by Mindbloome-Trading
Robinhood TP 23- 33 After earnings ? Reasons Why !! In Q4 2023, Robinhood’s net revenues increased by 24% year-over-year to $471 million. This growth was driven by higher net interest, transaction-based, and other revenues1. The company reported net income of $30 million, a significant improvement from the net loss of $166 million in Q4 20221. Adjusted EBITDA rose to $133 million, a 62% increase year-over-year1. Customer Growth and Assets Under Custody (AUC): Funded Customers increased by 420 thousand year-over-year to 23.4 million1. AUC surged by 65% year-over-year to $102.6 billion1. Market Expectations and Confidence Robinhood’s ability to turn a profit in Q4, coupled with its record annual revenues, suggests that its strategic initiatives are paying off. The company’s innovative features and strong financial performance have instilled confidence in investors. Remember that stock prices often respond to earnings reports. If the market believes a company is performing well, stock prices tend to go up. Conversely, if confidence wanes, stock prices may decline2. Keep an eye on Robinhood’s upcoming earnings report on Wednesday, May 8th, 20243. It will provide further insights into the company’s performance and may impact its stock price.
NASDAQ:HOODLong
by NYRUNSGLOBAL
SPX 5500 BY 2025 ? REASONS WHY !!! Optimistic Market Forecasts: Analysts and strategists, such as those from Deutsche Bank and Infrastructure Capital Advisors CEO, have made bullish predictions for the S&P 500. Deutsche Bank's forecast for the S&P 500 to reach 5,100 in 2024, and Infrastructure Capital Advisors CEO Jay Hatfield anticipates the S&P to reach as high as 5,500 points by the end of 2024. These forecasts indicate a strong belief in the market's potential to continue its upward trend. Strong Earnings and Valuations: The trailing 12-month P/E ratio for the S&P 500 of 25.7 is above the 5-year and 10-year averages. This suggests that investors are willing to pay a premium for stocks, which could be a positive sign for further market growth. Historical Performance: The S&P 500 has already hit 23 new records in 2024 and has been performing above average historical years. This indicates strong market momentum and investor confidence. Cumulative Weight of Top Stocks: The cumulative weight of the top 5 stocks in the S&P 500 has hit a 50-year high. This indicates that the market's performance is being significantly influenced by the performance of a small number of large-cap companies, which could potentially drive the index higher if these companies continue to perform well. Market Resilience and Recovery: The market has shown resilience and recovery from the economic downturn, with the S&P 500 already up by 9.6% this year, which is above the average year since 1950. This resilience could be a sign of continued growth throughout the year. Positive Outlook from Analysts: Analysts like CFRA Chief Investment Strategist Sam Stovall predict that the S&P 500 will hit 5,400 by year-end and 5,610 within the next 12 months, indicating a positive outlook for the market's performance. Potential Rate Cuts: The expectation of rate cuts by the European Central Bank could provide a boost to the global economy and the U.S. markets, including the S&P 500. Positive Market Sentiment: The overall market sentiment seems to be positive, with a bullish outlook on the S&P 500 from various analysts and strategists. This positive sentiment could drive further investment and growth in the market. Technology Sector Performance: The technology sector has been a leading performer, soaring 50%, indicating strong growth in this sector, which could help drive the S&P 500 higher. Economic Data Surprises: The U.S. economy has been showing positive surprises in economic data throughout 2023, suggesting that the economy is stronger than expected, which could support the market's growth.
OANDA:SPX500USDLong
by NYRUNSGLOBAL
TESLA 206 - 216 - 230 TP Why Tesla is Poised for a Bull Run Tesla Inc., the leading electric vehicle (EV) manufacturer, has shown remarkable resilience and growth potential, making it a strong candidate for a bull run. Here are some key reasons: 1. Strong Financial Performance Tesla’s financial performance has been impressive. The company’s revenue reached $81.5 billion in 20221, and its stock price has seen a 5-year total return of 795.71%, placing it in the top 10% of its industry2. Despite a decrease in net income in Q3 20233, Tesla’s overall financial health remains strong. 2. Market Leadership Tesla continues to lead the EV market. It was the most valuable automotive brand worldwide as of June 20231 and led the battery-electric vehicle market in sales1. Despite increased competition, Tesla’s market share in the U.S. and Canada is growing, heading towards 3%, while in Europe and China, 2% is within range4. 3. Production and Delivery Growth Tesla’s vehicle deliveries reached a record 1.31 million units in 20221, showing a steady year-over-year growth. The company’s long-term target is to increase electric car sales by an average of 50% year-over-year4. 4. Expansion Plans Tesla is expanding its manufacturing capacity with new factories in Germany and Texas5. These new facilities will help meet the growing demand for Tesla’s vehicles, potentially driving further growth. 5. Innovative Product Line Tesla is not resting on its laurels. The company plans to launch new models, including the Cybertruck, Semi, and Roadster6. The introduction of these new vehicles could attract new customers and boost sales. 6. Charging Infrastructure Tesla’s plans for the world’s largest Supercharger station in California7 indicate the company’s commitment to developing a robust charging infrastructure. This will not only benefit current Tesla owners but also make EVs more appealing to potential buyers. 7. Strategic Market Moves Tesla is making strategic moves to capture more market share, such as lowering the price of its cars in China and emphasizing online sales8. These strategies could significantly impact future earnings. In conclusion, Tesla’s strong financial performance, market leadership, production growth, expansion plans, innovative product line, development of charging infrastructure, and strategic market moves position it well for a bull run
NASDAQ:TSLALong
by NYRUNSGLOBAL
Is the AI Revolution Built on a House of Cards?In the treacherous landscape of technological ambition, Nvidia emerges as a cautionary tale of unchecked corporate hubris and potentially unsustainable growth. What appeared to be an unstoppable technological juggernaut now reveals deep fissures in its seemingly impenetrable facade, with mounting challenges threatening to unravel its carefully constructed narrative of AI dominance. Specific challenges underscore this fragility: comments from Microsoft's Satya Nadella suggest a potential moderation in AI chip demand, while Alphabet's Sundar Pichai has highlighted that "the low-hanging fruit is gone" in AI model development. Beneath the glossy veneer of technological innovation lies a troubling reality of regulatory scrutiny and market volatility. Nvidia faces a perfect storm of challenges: a potential slowdown in AI chip demand, an aggressive antitrust investigation by Chinese regulators, and growing skepticism from industry leaders. The competition is intensifying, with Amazon developing its own Trainium AI chips, and Broadcom positioning itself to capture significant market share with custom AI chip solutions projected to reach $90 billion in the next three years. OpenAI co-founder Ilya Sutskever's stark statement that "we've achieved peak data" further undermines the narrative of unbridled AI growth. The broader implications are profound and deeply concerning. Nvidia's struggles represent a microcosm of the larger technological ecosystem—a world where innovation is increasingly constrained by geopolitical tensions, regulatory challenges, and the harsh economic realities of diminishing returns. Despite massive capital expenditures by tech giants—with Microsoft nearly doubling its spending to $20 billion and Meta increasing expenses by 36%—only 4% of US workers use AI daily. This stark disconnect between investment and actual utility exposes the potential fragility of Nvidia's market position, with analysts suggesting that 2024 may have been the peak in terms of percentage increase for AI-related infrastructure spending.
NASDAQ:NVDAShort
by UDIS_View
NVIDIA's Declined over 10%, Why? When will be the Buy timing? NVIDIA fell nearly 4% today before narrowing the loss to 1.22%. Since hitting a record closing high of $148.88 in early November, the AI chip maker's stock has dropped over 10%. So, what is causing NVIDIA's decline? Firstly, Supply Chain Issues and Challenges NVIDIA faces multiple challenges in its supply chain, a significant factor in its stock decline. First, according to the latest data, the order volume and schedules for the GB200 and GB300 have been adjusted. Particularly, the mass production and shipment of GB series products have been postponed until after the Lunar New Year in February, increasing market uncertainty. Additionally, the small-scale production plans for GB300 face tight deadlines, putting pressure on GB200's mass production. Specific supply chain issues include CoWoS-L packaging technology, heating problems, copper cable connections, and leakage issues. These not only affect product yield rates but also increase system integration time costs. Consequently, NVIDIA has suggested customers purchase the B200 8-card HGX as a transitional solution, and clients like Microsoft are considering switching their orders. These supply chain issues affect NVIDIA's product delivery capabilities and reduce market expectations for its future performance. Secondly, Market Competition and Narrative Changes ASICs are gaining market recognition as a competitive narrative. ASICs are chips designed for specific tasks, akin to custom running shoes for a race. For certain tasks, ASICs outperform NVIDIA's GPUs (widely used for computing tasks) and are potentially cheaper. OpenAI co-founder Ilya and industry leaders like Microsoft's CEO Satya have started discussing the importance of not only training AI models but also ensuring they can quickly and accurately make decisions in real applications. This shift in perspective gives ASICs an advantage in some scenarios, as they are designed for rapid, precise execution of tasks. This raises questions about the cost of NVIDIA's GPUs. While powerful, they are expensive and require significant electricity and cooling. As ASICs perform better at lower costs for some tasks, there's consideration of replacing NVIDIA's GPUs with ASICs. Additionally, changes in scaling law narratives and the strengthening of inference narratives pose threats to NVIDIA. Scaling laws suggest that increasing AI model size (e.g., more neurons or layers) typically improves performance, but these gains are not infinite and require significant computational resources. This means NVIDIA must continually invest resources to improve product performance, potentially increasing costs. Moreover, companies like BTC, Tesla, and Google are investing heavily in their own AI chips or solutions. This intensifies market competition and challenges NVIDIA's leadership. Thirdly, Market Sentiment and Capital Flows Market sentiment and capital flow significantly impact NVIDIA's stock price. As the year ends, retail investors, ETFs, and institutions adjust their portfolios. Fluctuations in tech giants like Microsoft, Apple, and Google affect tech stocks like NVIDIA. Investors are more cautious, favoring stable, promising companies. Given these conditions, NVIDIA faces pressure on its stock price due to supply chain issues and competition. Lowered expectations for NVIDIA's future performance lead to capital outflows and stock price declines. Fourthly, Future Outlook and Catalysts Despite current challenges, NVIDIA has opportunities for a turnaround. First, NVIDIA needs to resolve supply chain issues, improve product yield, and delivery capabilities. Second, strengthening its presence in software and applications is crucial to addressing market competition. Additionally, NVIDIA should explore new computing narratives to expand its computing potential. Fifthly, Technical Analysis and Price Divergence Previously, prices rose continuously, but volume and KDJ began to decline, showing divergence. Without capital support, upward momentum was insufficient, leading to a short-term adjustment and a break below the mid-term trend line, resulting in a mid-term callback. When Might a New Rally Occur? From a technical analysis perspective: After two prior mid-term adjustments, breaking the downward trend line may signal the start of a new rally. Thus, this new rally must first break the resistance line. From a catalyst perspective: While January's CES and the earnings release in late February may not bring major surprises, March's GTC is worth anticipating. NVIDIA needs to showcase new technologies and products at this event to restore market confidence. If NVIDIA can introduce groundbreaking innovations, a stock rebound is possible.
NASDAQ:NVDA
by xugina78
GOOD BTC ENTRY !! SL 59K TP 72KREASONS WHY !! Market Sentiment and Momentum: Bitcoin soared in 2023, and experts predict further gains in 2024, potentially reaching $80,000. Despite long-term optimism, Bitcoin experienced a recent dip. Technical indicators suggest potential downside, but the market remains in a tug-of-war. If buyers can push past the $44,700 resistance, a jump to $48,000 is in sight. Spot Bitcoin ETF Launch: The launch of a spot Bitcoin ETF in early 2024 is poised to revolutionize the crypto landscape. This move is expected to attract significant capital from both retail and institutional investors, further fueling Bitcoin’s ascent. Bitcoin Halving Event: Scheduled for April or May 2024, the Bitcoin halving event will curtail the yearly supply of new Bitcoin. This reduction in supply could establish conditions where demand potentially outstrips supply, a fundamental factor in the optimistic price forecast. Investor Confidence and Accumulation: Investors are holding on to their BTC with conviction stronger than in 2021. Relative realized profits show that despite a new all-time high, selling has not been as significant as during the previous cycle. Consistent accumulation since February 2024 indicates confidence among investors, expecting further price growth.
BITSTAMP:BTCUSDLong
by NYRUNSGLOBAL