The BTC halving injected a lot of euphoria and optimism into the market. $BTC has been trading between the 60k-66k even though some pundits are expecting a healthy dump at 45k - 50k levels before we experience new ATH. That notwithstanding, most #altcoins dumped 50% which caused the wallet of traders to bleed. On the flipside, this was a huge opportunity for traders and investors to buy their preferred coins at well discounted prices.
Although the discounted prices are still on, few days after the halving, some of the Altcoins have showed positive signs of recovery. It is very important to note that after the 2020 Halving, it took $BTC 4months and altcoins 6-8 months of consolidation before prices skyrocketed.
If history is something to go by, we should expect price fluctuations and consolidations coupled with the influx of institutional wealth through #ETF✅ in the next 6 months before the real fire works take off.
It is crucial that we exercise a great deal of patience for the market to unfold. Although no one can accurately predict how this bull cycle will play out and the market top, you need to develop or fine tune your exit strategy as you wait.
Furthermore, If you have panicked and sold off in losses when altcoins dumped before the halving, I hope you have learnt some lessons.
Most #alts are still at discounted prices. (Not financial Advice)
Note: Pullbacks are inevitable in every bull cycle so fasten your seat belt for the adventure ahead of us.