【5 Reasons to Be Bullish on the Crypto Market】
The current crypto market is at a historical turning point. Bitcoin has great potential and market fluctuations are only temporary adjustments.
Let's take a look at the 5 reasons to be bullish and how we can do it:
1. Current market status
(1) Bitcoin ETF
In the fourth quarter of 2023, the approval of Bitcoin ETF triggered a market boom and attracted $15 billion in new funds.
(2) Deleveraging
The market has experienced a large-scale deleveraging event, making it healthier and more stable.
2. 5 Reasons to Be Bullish on the Market
(1) MVRV indicator
The current MVRV ratio of BTC is 1.5, suggesting that the market has the potential to rise further.
(2) Global liquidity
Increased global liquidity, the Federal Reserve may cut interest rates, and market liquidity will increase, which is beneficial to the crypto market.
(3) Cycle
The increase in government spending brought about by the 2024 election cycle will drive the market.
(4) FTX's new purchasing power
The $12 billion to $14 billion claimed by FTX will flow into the market in 2024.
(5) Halving cycle
Historical data shows that the market will rise rapidly after halving and may reach its peak in October 2025.
3. Operational trading
(1) Seize the opportunity of market correction and actively deploy mainstream assets such as Bitcoin and Ethereum
(2) Invest in potential fields and early projects
(3) Take advantage of market fluctuations and enter the market in batches
(4) Pay attention to the large number of tokens that will be unlocked and changes in market supply
