Trading Bitcoin's Halving: Expert Insights
As Bitcoin's halving approaches in April, investors are experiencing whiplash. The cryptocurrency's price plummeted 18% from its all-time high of $73,800 to $60,800, largely due to outflows from 11 new Bitcoin exchange-traded funds (ETFs).
Expert Analysis
We spoke with three traders to gather their thoughts on navigating this volatile market.
Lucas Kiely, Yield App's Chief Investment Officer
"Bitcoin's price is heavily influenced by equity market liquidity. Key moments to watch:
- 4 p.m. London: FX Fix and cryptocurrency funding resets
- 9:30 a.m. New York: US cash equity markets open
- 5 p.m. London: European traders exit, New York lunch break
- 4 p.m. New York: US cash equity markets close
These 'golden hours' offer opportunities for significant BTC moves. My strategy:
- Buy weakness, sell strength
- Tight stops
- Lightning-fast momentum
Result: Outperforming Bitcoin by 10% this month."
Michael van de Poppe, MN Trading Consultancy's CEO
"The recent ETF decline was likely due to the Federal Reserve meeting and Bank of Japan's interest rate hike. This is normal.
Tip: Buy Bitcoin dips (15-40% correction) for the next bull cycle. Initial ETF buyers are likely long-term holders."
Chris Newhouse, Cumberland Labs' DeFi Analyst
"Investors should understand digital asset volatility. Separate FOMO buying from long-term demand.
Tip: Place 'stink bids' during price dips. The market is in buy-the-dip mode, and significant headwinds are needed for a larger pullback."
Key Takeaways
1. Monitor equity market liquidity surges.
2. Buy Bitcoin dips for long-term gains.
3. Understand volatility and separate FOMO from long-term demand.
Stay ahead of the market with expert insights and strategic trading tips.$$BTC
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