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Creek CEO</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Oct 10, 2022</li><li>08:10</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: Bitcoin will touch $100,000 in 2024, says Morgan Creek CEO" alt="Crypto Daily: Bitcoin will touch $100,000 in 2024, says Morgan Creek CEO" fetchpriority="high" width="742" height="0" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2022%2F10%2Fcrypto_daily_analysis_mon-1.png&w=750&q=75 1x, /_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2022%2F10%2Fcrypto_daily_analysis_mon-1.png&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2022%2F10%2Fcrypto_daily_analysis_mon-1.png&w=1920&q=75"/></div><div class="content_block"><p class="">Predictions about Bitcoin’s future performance have always been a popular exercise among both industry experts and ordinary investors. But the predictions have rarely turned out to be right, whether in terms of time frame or intensity.</p><p class="">The CEO of Morgan Creek, a company specializing in investments and asset management, is also accustomed to making predictions about Bitcoin, which have almost always turned out to be far-fetched. Like the one he made inDecember 2019, when he predicted Bitcoin reaching $100,000 by 2021 and 500,000 within ten years.</p><p class="">At a recent event, Yusko, who has always been one of the most optimistic about Bitcoin’s future prices, pointed out that, in his opinion, the next bull run will precisely take place no earlier than 2024, coinciding with the next halving, which is the reduction of rewards expected for Bitcoin miners for their block validation work.</p><p class="">Initially in 2009, 50 BTC were distributed as a reward for each block mined. A reward that subsequently halved every four years. Currently, the reward for each block mined (one every 10 minutes or so) is 6.25. In 2024 it will be 3.125, and so on until the last of the intended 21 million Bitcoin is mined.</p><h3>Bitcoin price analysis</h3><p>Bitcoin price moved into a bearish zone with a fresh decline from well above the $20,200 level. The bears even pushed the price below the $19,500 level to trade as low as $19,249.</p><p>At the time of writing BTC shows the correction signs. There was a minor increase above the $19,400 and $19,500 levels.</p><p>On the upside, an immediate resistance is near the $19,550 level. The next major resistance sits near the $19,700 zone and the100 hourly simple moving average. If Bitcoin fails to rise above the $19,700 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,400 zone.</p><p><a href="https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6.png"><img loading="lazy" class="alignnone size-full wp-image-505517" src="https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6.png" sizes="(max-width: 1834px) 100vw, 1834px" srcSet="https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-1140x525.png 1140w" alt="Bitcoin Price" width="1834" height="845"/></a></p><pre>Source: <a href="https://www.tradingview.com/symbols/BTCUSD/" target="_blank" rel="noopener">BTCUSD on TradingView.com</a></pre><div class="jeg_ad jeg_ad_article jnews_content_inline_3_ads "><div class="ads-wrapper align-center "><div class="ads_shortcode"><div class="jeg_ad jeg_ad_article"><div class="ads-wrapper align-center"><div class="ads_code"><div id="placement_533110_0" class="plc533110"><div id="placement_533110_0_ins"></div></div></div></div></div></div></div></div><h3>Technicals</h3><p>Hourly MACD is losing pace in the bearish zone</p><p>Hourly RSI is above the 50 level</p><p>Major Support Levels – $19,400, $19,250, $18,500</p><p>Major Resistance Levels – $19,700, $20,000, $20,500</p><p> </p><p>More real time crypto information — in our<b>Telegram Channel</b><a href="https://t.me/Choise_com_Chat">https://t.me/Choise_com_Chat</a></p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: Bitcoin will touch $100,000 in 2024, says Morgan Creek CEO</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Bitcoin will touch $100,000 in 2024, says Morgan Creek CEO"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Bitcoin will touch $100,000 in 2024, says Morgan Creek CEO - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Bitcoin will touch $100,000 in 2024, says Morgan Creek CEO - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. 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CEO","date_created":"2022-10-10T07:30:07.000Z","image":null,"old_image":"https://webinar.choise.com/wp/2022/10/crypto_daily_analysis_mon-1.png","seo_image":null,"category":{"id":"82","title":"Daily Analysis","slug":"dailyanalysis","translations":[{"title":"Daily Analysis","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Crypto Daily: Bitcoin will touch $100,000 in 2024, says Morgan Creek CEO","content":"\u003cp class=\"\"\u003ePredictions about Bitcoin’s future performance have always been a popular exercise among both industry experts and ordinary investors. But the predictions have rarely turned out to be right, whether in terms of time frame or intensity.\u003c/p\u003e\u003cp class=\"\"\u003eThe CEO of Morgan Creek, a company specializing in investments and asset management, is also accustomed to making predictions about Bitcoin, which have almost always turned out to be far-fetched. Like the one he made inDecember 2019, when he predicted Bitcoin reaching $100,000 by 2021 and 500,000 within ten years.\u003c/p\u003e\u003cp class=\"\"\u003eAt a recent event, Yusko, who has always been one of the most optimistic about Bitcoin’s future prices, pointed out that, in his opinion, the next bull run will precisely take place no earlier than 2024, coinciding with the next halving, which is the reduction of rewards expected for Bitcoin miners for their block validation work.\u003c/p\u003e\u003cp class=\"\"\u003eInitially in 2009, 50 BTC were distributed as a reward for each block mined. A reward that subsequently halved every four years. Currently, the reward for each block mined (one every 10 minutes or so) is 6.25. In 2024 it will be 3.125, and so on until the last of the intended 21 million Bitcoin is mined.\u003c/p\u003e\u003ch3\u003eBitcoin price analysis\u003c/h3\u003e\u003cp\u003eBitcoin price moved into a bearish zone with a fresh decline from well above the $20,200 level. The bears even pushed the price below the $19,500 level to trade as low as $19,249.\u003c/p\u003e\u003cp\u003eAt the time of writing BTC shows the correction signs. There was a minor increase above the $19,400 and $19,500 levels.\u003c/p\u003e\u003cp\u003eOn the upside, an immediate resistance is near the $19,550 level. The next major resistance sits near the $19,700 zone and the100 hourly simple moving average. If Bitcoin fails to rise above the $19,700 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,400 zone.\u003c/p\u003e\u003cp\u003e\u003ca href=\"https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6.png\"\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-full wp-image-505517\" src=\"https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6.png\" sizes=\"(max-width: 1834px) 100vw, 1834px\" srcset=\"https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/10/Bitcoin-6-1140x525.png 1140w\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" /\u003e\u003c/a\u003e\u003c/p\u003e\u003cpre\u003eSource: \u003ca href=\"https://www.tradingview.com/symbols/BTCUSD/\" target=\"_blank\" rel=\"noopener\"\u003eBTCUSD on TradingView.com\u003c/a\u003e\u003c/pre\u003e\u003cdiv class=\"jeg_ad jeg_ad_article jnews_content_inline_3_ads \"\u003e\u003cdiv class=\"ads-wrapper align-center \"\u003e\u003cdiv class=\"ads_shortcode\"\u003e\u003cdiv class=\"jeg_ad jeg_ad_article\"\u003e\u003cdiv class=\"ads-wrapper align-center\"\u003e\u003cdiv class=\"ads_code\"\u003e\u003cdiv id=\"placement_533110_0\" class=\"plc533110\"\u003e\u003cdiv id=\"placement_533110_0_ins\"\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003ch3\u003eTechnicals\u003c/h3\u003e\u003cp\u003eHourly MACD is losing pace in the bearish zone\u003c/p\u003e\u003cp\u003eHourly RSI is above the 50 level\u003c/p\u003e\u003cp\u003eMajor Support Levels – $19,400, $19,250, $18,500\u003c/p\u003e\u003cp\u003eMajor Resistance Levels – $19,700, $20,000, $20,500\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eMore real time crypto information — in our\u003cb\u003eTelegram Channel\u003c/b\u003e\u003ca href=\"https://t.me/Choise_com_Chat\"\u003ehttps://t.me/Choise_com_Chat\u003c/a\u003e\u003c/p\u003e","short_content":"Yusko, who has always been one of the most optimistic about Bitcoin, pointed out that the next bull run will precisely take place no earlier than 2024.","seo_title":null,"seo_description":null,"seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"btc-touch-100000-after-halving-2024"},"buildId":"pnPclDEvF5ORCHIipmwih","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>