💵💵💵 IS BTC HALVING EVENT FOR BUYING THE DIP OR SELLING? 💵💵💵
With the BTC Halving event just 72 hours away, there's a debate on whether it's time to buy the dip or prepare for selling. Historically, during previous halving events, BTC experienced corrections followed by accumulation, along with similar patterns observed in altcoins before their upward trends. This time, various factors, including geopolitical tensions like the Iran-Israel conflict and the ATH before the halving events, are impacting the market.
Unlike previous halvings, BTC reached its ATH before this event, with the Iran-Israel tension adding pressure to the global economy, leading to an increase in demand for GOLD. Meanwhile, altcoins have dipped significantly, with some experiencing drops of 50% to 60% over the last 10 days, presenting attractive buying opportunities. Looking ahead to Q3 and Q4, many anticipate altcoins to recover, potentially reducing BTC dominance and initiating a major altcoin season.
For spot traders, congratulations, as fortune may be on the horizon. However, it's advisable to avoid future trading in such a volatile market. Remember, dips are opportunities for buying, and while short-term trends may be downward, the mid and long-term outlook appears heavily bullish. Consider gradually investing in altcoins to build your portfolio for the impending bull run.
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