đ¨â ď¸ Attention Crypto Traders: Prepare for Potential Bitcoin Drop! â ď¸đ¨
With Bitcoin's halving just around the corner on April 20, 2020, it's crucial to heed some vital insights from past events:
1ď¸âŁ Historical Data: Before the last halving on May 11, 2020, Bitcoin experienced a significant dip of approximately -51.88% in the 60 days leading up to it.
2ď¸âŁ Future Potential: Post-halving, Bitcoin surged to new heights, boasting an impressive increase of around +710.58% after 548 days.
đ¤ What's Different This Time?
- Unlike previous cycles, Bitcoin has already smashed its all-time high before the halving.
- The emergence of Bitcoin ETF adds a new dimension to the market dynamics.
- While we haven't witnessed the familiar 60-day pattern, could a condensed version manifest just 6 days prior?
The key lies in market dynamics: If everyday investors can weather the storm of a potential price drop, it may mitigate the impact of large-scale players.
It's time to fortify our trading strategies and cultivate a resilient mindset, especially for those engaged in Future or Derivative Trading.
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