Bitcoin Price Action Explained - What's Next?

11,843
0
Published 2024-06-27
Sam Callahan, Senior Analyst at Swan chats with Jennifer Sanasie of Coindesk about Bitcoin’s recent price correction, what may be causing it and its implications for the broader market. They discuss the potential of Bitcoin hitting six-digits in the next year, the influence of ETFs on Bitcoin’s price, and Bitcoin's growing role in the upcoming 2024 election.

Timestamps
00:00 - What's Causing the Bitcoin Price Correction?
01:27 - Short to Long Term Bitcoin Price Outlook
04:59 - Crypto Portfolio Allocation & ETFs
08:09 - Bitcoin Narratives Over the Next 12-18 Months
09:58 - Bitcoin's Role in the Upcoming US Election
11:46 - Single Issue Voters

► Connect with Swan Bitcoin:
✓ YouTube:    / @swan_bitcoin  
✓ Twitter: twitter.com/Swan
✓ Instagram: instagram.com/SwanBitcoin
✓ Telegram: t.me/swanbitcoin
✓ LinkedIn: linkedin.com/company/swanbitcoin

► Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Start your Bitcoin journey today, and your first $10 purchase is on us
swanbitcoin.com/yt

► Download the all-new Swan Bitcoin App
www.swanbitcoin.com/app/?utm_medium=social&utm_sou…

► Join us for Pacific Bitcoin Festival 2024! Purchase your tickets now before prices go up (Fully Refundable Until February)
✓ ⁠www.pacificbitcoin.com/collections/tickets

► Secure your bright orange future with the Swan IRA today! Real Bitcoin, no taxes
www.swanbitcoin.com/bitcoin-ira/?utm_medium=social…

► For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, Swan Private is your guide
www.swanbitcoin.com/private/?utm_medium=social&utm…

► Want to learn more about Bitcoin? Check out Welcome To Bitcoin a FREE Introductory course. Learn about Bitcoin in under 1 hour!
welcome.swanbitcoin.com/

► Get paid to recruit new Bitcoiners by joining Swan Force
www.swanbitcoin.com/enlist/?utm_medium=social&utm_…


WARNING: Beware of scammers who use Swan's image and name in the comment section. We will never ask you to contact us through YouTube. If you have any questions and want to reach us directly, follow our Twitter account @Swan and send us a message.

All Comments (21)
  • I believe there may be high hopes from the unimantic project. Many analysts say that it will show itself from a good side this year.
  • The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Renee Gilman, , whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
  • @skylark_yt
    “What’s appealing?” “Bitcoin.” silence 👌 Perfect.
  • @kbonce4669
    Has it ever been considered that a lot of long-term holders might be moving into ETFs instead of holding the Bitcoin in self custody?
  • What’s concerning is that if governments are selling it they probably don’t think it will be going up in price anytime soon, maybe they have a cbdc plan they’re confident with, otherwise they’d hold onto crypto. However they’ve been wrong in the past too, so it’s anyone’s guess at this point.
  • @barunto1
    You must have a LOT of bitcoin if you can{t appreciate these buying opportunities.
  • @davide8982
    Still believe in the 45k as a real possibility.
  • Bitcoin still needs a healthy confirmation bounce off the fibonnaci level of between ~48K and ~51K. This was disrupted by the short term rocket boost provided by the ETF launch.
  • @world-uk2vj
    Only thing they can devalue against is Bitcoin, and gold to a much lesser extent.
  • @tangobodo977
    Sam, you know ordinals are retaded, you should say so out loud!
  • @donrhine9071
    This is all speculation and no real data given by this guy. We are not even close to all time highs. Useless interview
  • What would you have in your crypto profile, Sam? 😂 JFC what a complete shitshow. People have absolutely no clue but unfortunately they will fk around and find out.
  • I’ve noticed ETH has outperformed BTC over the last 6 months.
  • @sTRoUsto
    Watch out Sam she tried to get you into shitcoining! Lol