If you are reading my post or know me, you should know that I don’t listen to rumours.
Some saying BTC will go below 50k before halving. They are waiting to buy.
Still I directly said, i am thinking this istotally BS. Bitcoin will not go below 50k, not even 55k. Obviously there is pre halving effects and that’s why BTC is now in dip. But within this month, this will be recovered. In fact, Bitcoin can go 100k USD within April. There is 60% chance.
Now you will ask “What’s the point behind saying this?”
Well, if you look deeply, you will see less cash inflow in Bitcoin ETF. You will also see transactions over bitcoin network is significantly less than last month. Feels like everyone is waiting for something . This actually happens in financial market before a special news or important event.
If you are trading for a long term, you know this is a sign that everyone gonna invest at once when the special news comes.
For sure, the news or event everyone is waiting for is BTC halving. Once the time comes, everyone gonna push the money in and we may see sudden pump.
Look, I’m not suggesting you to trade with leverage during halving. Because market will be volatile than ever. Those who trades with Binance API / Fix API and has institutional setup may trade with leverage and get millions of profit. But this is not for you. You will see huge market move within the interval of few seconds.
If you are holding Bitcoin or any other crypto (incase they are not scam project like $STRK that only focuses on selling coin and raising money), just keep holding. As I mentioned in earlier posts, Bitcoin act like an influencer for whole crypto market, alt coins will also pump. In fact some alt coin will go even 50x. (Few weeks ago I shared a list of good coins.)
