As the most awaited Bitcoin halving is approaching, everyone is wondering what to do. If you are wondering too, this article is for you. Keep reading.
Let’s first analyse what happened during the past halving events.
First Halving ( Sunday, 28 Nov 2012):
Nearing the halving event during 2012 Bitcoin was in the corrective phase. 32 Days before the halving event it started moving upward again and this upward movement continued after the halving event which led to a massive bull market.
Second Halving (Saturday, 9 July 2016):
During the second halving, Bitcoin was again in the corrective phase. 19 days before the halving event it underwent a correction of the previous rally. This time, after the halving event a week later it dropped almost 30% and then started upward movement after 26 days which also led to a massive bull market.
Third Halving (Monday, May 11 2020)
This time Bitcoin was not in the corrective phase. 58 days before the halving event it $BTC started upward movement which also marked the end of the corrective phase. After the halving event it consolidated for almost 75 days before a massive Bull market.
Fourth Halving ( Monday, 15 April 2024) Fourth Bitcoin halving is scheduled for April, 2024. By the time of writing this, we are 37 days away from the halving event and $BTC has already hit 70K, a new all time high. Now everyone is wondering what's going to happen post halving .
Is Bitcoin and the whole crypto market going to dump pre-halving or post halving?
Should we sell now and buy again on a dump or should we hold?
Now Let me tell you what to do:
Just observe the historical Bitcoin chart post halving, after first halving it continued to rally, after second halving it dropped 30% and after third halving it consolidated . But here is the interesting part, what’s common in all these halving events is that every halving event is followed by a massive bull market. What this means is that halving gives birth to the Bull market.
Now coming towards the question, Is there going to be a significant dump pre-halving or post-halving? My answer is no one knows, except market makers, what will happen but based on history two things can happen; Either $BTC is going to consolidate or it will dump before a massive bull run.
What should you do now?
In situations like this, what will make you apart from the rest of the crowd is your plan. With a proper plan you can make life-changing money here. The best traders are those who are prepared for every situation. Prepare yourself for both the situations. Here is how you can do it; First thing is don’t sell everything now, it’s not the time to sell, also don’t go all in as well. You should have some cash in your hand in order to buy if bitcoin and the whole market dumps significantly. This will be the last opportunity to buy crypto on sale before a massive Bull Run. On the other hand if you don’t have cash on hand, what you can do is sell only 20-25% of those coins on which you are up a good amount so that you can buy at lower prices if the market dumps. What I am trying to say is make a plan, be prepared for any situation and act accordingly, you will make life-changing money.
I will keep you people updated as well. Don’t forget to checkout my profile. I share sniper entries with my followers. This Bull Market I will help you make a lot of money, all for free. All you need to do is follow me. I will keep you people updated. Good Luck!
