Will Bitcoin $100k in 2024  as U.S. dollar collapses ?

The US dollar is losing its value Globally, This lead to rising inflation

Investor are worried about the loss of value in their asset and looking for alternative source

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Bitcoin is seen as an alternative to traditional Finance and as we’re seeing the cracks in the financial system.

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Bitcoin is the only cryptocurrency with value because Bitcoin has a known monetary policy where there’ll only be 21 million.

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Mark Yusko, founder and Chief Investment Officer of Morgan Creek Capital Management believes that new bull cycle will soon take Bitcoin to $100k.

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He predicts that in the next Bitcoin halving year, will get to Bitcoin to $100k then go on to hit $1,000,000 per coin in due time.

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Bitcoin’s price hits new all time highs every 4 years and the events leading up to each new all time high always.

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Bitcoin hit an all time high In Nov 2013- $1,000 In Nov2017 - $20,000 , In Nov 2021 -$69,000

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BTC price action is showing “bump & run reversal.” pattern What happens next — the so-called “uphill run” — gives the pair a six-figure target

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BTC price action is showing Wyckoff accumulation phase

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In An accumulation phase an investor such as big institution slowly builds up their savings and the value of their investment portfolio

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Usually with the intention of selling to newbie when distribution phase is started

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