The fourth Bitcoin Halving is just around the bend, and Lady of Crypto has been a trader for the market. weighed in There are many claims made about this current bull cycle.
She shared her insight after analysing the recent decline in the market and Bitcoin’s anticipated halving later this month. The expert said that there were speculations about BTC continuing to see gains since it broke through its early all-time record.
Bullish Run Illusion: Bitcoin can hit another ATH?
Lady of Crypto discredited the claim that the bull cycle would begin early and said she believes the community is ready. “lied to and suggesting widespread misinformation” Dismissing the gains of the present as signs that a bull run is widespread.
The analyst has noted that Bitcoins and Altcoins were severely depressed as The Halving approached, but now is not the right time to panic. She draws attention to 2016 and 2020 dips before halving, highlighting that BTC dropped by 30 and 20 percent respectively.
During this period before the halving, BTC dropped over 17% and altcoins fell by 29%. Lady of Crypto says that despite the severity of the recent decline, it falls within the typical range of pre-halving dips and a “black swan” event.
According to her, the recent decline is nothing compared with the COVID collapse, when BTC and altcoins both fell 68%.
Lady of Crypto clarifies that Bitcoin Spot Exchange-Traded Funds (ETFs) BTC’s early peak is a sign that mass adoption has not been achieved.
The expert will then mention social media, which reveals that masses have returned to the cryptocurrency market. “YouTube views and subscribers show interest in returning gradually, in line with this time last cycle, as do new Twitter followers,” She also added.
The current bull cycle is mirroring past halving
Lady of Crypto thinks that, except for BTC’s break at the early high, this bull market is developing similarly to those two previous ones, but with more volatility. But the volatility indicates that it will be the most bullish market to date.
She tells investors who are underexposed that dips in the market offer the best opportunity to buy. BTC when there’s a bull-run. Holding the crypto asset is the most prudent course of action for an overexposed investor, as it will draw attention to the 2020 and 2021 drops.
Lady of Crypto warned investors that a number of situations could trigger panic selling during each bull run. These events may seem like the end of a bull run, but they’re just sideshows.
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