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Will the next divine candle of Bitcoin be in 2024?

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Abstract generation in progress

In crypto, a “divine candle” is that candlestick every trader dreams of: you bought BTC at $35k and boom, it jumps to $70k in days. Altcoins do this constantly (, some went up 2200% in 24h), but Bitcoin doesn't play like that.

But now Crypto Twitter is speculating something juicy: what if BTC jumps $30k before the end of the year? Some analysts like BitQuant believe that hitting $60k+ is “very likely,” which would validate technical formations towards $220k after.

What could trigger it? The spot Bitcoin ETF. Institutional investors have been waiting for years for a regulated product to invest billions of dollars in crypto without touching BTC directly. Once approved (SEC decision: January 10, 2024), theoretical demand explodes. Tesla/Musk already showed us in 2021: big news = huge candles.

Will it happen in 2024? Everything points to yes, but the data speaks louder than the hype.

BTC-7.04%
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