The next bull market may kick off as quickly as next 12 months, propelled by catalysts equivalent to the upcoming Bitcoin ((*5*)) halving and the potential approval of a spot Bitcoin exchange-traded fund in the United States.
In our newest Cointelegraph Report, we clarify how to prepare for the next parabolic transfer in 5 simple steps.
First, it’s necessary to perceive the Bitcoin market cycle principle, which states that crypto bull markets occur roughly each 4 years following Bitcoin halving occasions, when the provide of recent BTC will get lower in half.
According to skilled dealer Eric Crown, we’re nonetheless in a pre-halving rally, which can most likely exhaust itself in the low $40,000 for Bitcoin. The greatest worth strikes, he says, will doubtless occur in the months following the Bitcoin halving.
“Then we spend the rest of the next, I’d say, three to six months playing out a sideways and downside move,” he predicts.
As a second step, we’d like to decide our crypto portfolio. According to Crown, Bitcoin and Ether (ETH) must be the spine of a balanced crypto portfolio since they’re the most secure and most battle-tested cryptos.
“I would do probably 70%–80% Bitcoin, 10%–15% Ethereum and then the rest could kind of gamble on altcoins,” Crown factors out.
To find out about the different steps to prepare for the next crypto bull market, take a look at the full video on our channel and don’t neglect to subscribe!
