The final stage of a four-year cryptocurrency cycle is upon us, and it’s the most exciting and challenging moment for investors. The market is highly volatile, with prices fluctuating dramatically and setting new records constantly. In this phase, early adopters of Bitcoin and altcoins will see their hard work pay off with substantial profits.
Bitcoin recently reached a new high of $90,000, marking the largest nominal gain in a single day during a 24-hour period. It surged over $8,300 in a day, and within the next few months, daily fluctuations of $10,000 may become the norm. However, Bitcoin has the best risk/reward ratio in cryptocurrency, and altcoins are also experiencing rapid growth.
This final phase in the cycle is the shortest and the last phase before the end of the cycle. The faster and higher the price rises, the closer we may be to the peak of the cycle. It is crucial to have a clear exit plan and avoid being swayed by the Fear of Missing Out (FOMO). The most optimistic scenario is that Bitcoin reaches $300,000 in April 2025, just five months away.
If current momentum reflects the aggressive bull market in the previous cycle, Bitcoin may rise another 4x after the breakout point. In summary, the advice for cryptocurrency investors is to have a clear exit strategy, prioritize selling altcoins at market peaks, hold onto Bitcoin unless necessary, and control FOMO to avoid losses.
The window for exiting may only last a few months, so seize it well and focus on accumulating more Bitcoin for the long term.
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<p>The post Final Crypto Stage: Time to Sell and Lock in Profits! first appeared on CoinBuzzFeed.</p>
