Currently we have just entered the second quarter of 2024, the Bitcoin halving has also just occurred. Of course, the potential for a bull run is still very much there and is eagerly awaited by all cryptocurrency players, be they investors or crypto traders.
If we currently see Bitcoin and Altcoin prices in the market going down, then we should enter the market and buy more coins to add to our portfolio.
Agree, we are still in the beginning of 2024, Q2 of 2024. So, we don't feel too afraid about the bullrun season. Since the halving of Bitcoin just happened few weeks ago, we must be patient to wait for the increase of Bitcoin price. If the prices of Bitcoin and altcoins are dropping now, it is because the hype is over. In this time, we must try to feel calm and don't need to feel frustrated.
The Bull run will eventually happen, it is believed that the market is currently in a recuperation period. The market is believed to have a particular time that it needs to reset in order to gain more momentum and prepare for the next bull run. Honestly, I really don't know how authentic this information is, but I heard it from a reliable source, and there's actually sense in it. So if that's true, then the current market state should be considered the recuperation period to prepare the market for its next bull run.
Indeed it will happen eventually, it might take some time though, maybe at the end of the month we might see 6 figures already. And then next year in 2025, if the cycle is not going to be broken, then we might see a new all time high and again, will be the first time that we will see $100k at least as the minimum for this bull run.
So patience is the key here, or we should continue to accumulate Bitcoin as much as we can in this time and then HODL for the long term and wait for the bull run, easy strategy right? But we need to endure at least the next 12 months or so.