Is the Bitcoin Mining Reward (BTC Halving) event an opportunity to buy the dip or sell?
We all know that the reduction of the Bitcoin mining reward means the end of the down cycle and the beginning of the upward cycle. In recent events, Bitcoin was correcting first and then gathering a little, and other digital currencies were also doing the same thing before rising again.
There are many things that affect this reduction, including the war and the highest price that Bitcoin reached before these events. Bitcoin has never achieved its highest price before previous events, but this time we have a war between Iran and Israel, which is putting great pressure on the global economy. Recently, we have seen a sudden increase in demand for gold.
On the other hand, other digital currencies have fallen by 50% to 60% in the last 10 days. Most of these currencies are much cheaper now. If you think about the coming third and fourth quarter, you will find that most of these currencies will rise in this period, and Bitcoin may also rise well, and this may reduce Bitcoin’s dominance soon. Once Bitcoin's dominance declines, the season of other cryptocurrencies will begin on a larger scale.
For those who trade spot currencies, declines are buying opportunities, and there is nothing to be afraid of in short-term declines. In the medium and long term, I am very optimistic. Take positions in other digital currencies