The next bull market could begin as early as next year, driven by catalysts such as the upcoming Bitcoin (BTC) halving and the possible approval of a spot Bitcoin ETF in the United States.
our latest Cointelegraph ReportHere’s how to prepare for your next parabolic move in five simple steps.
First, it is important to understand Bitcoin market cycle theory, which states that cryptocurrency bull markets occur approximately every four years following a Bitcoin halving event when the supply of new BTC is halved.
According to professional trader Eric Crown, we are still in the midst of a pre-halving rally and there is a good chance that Bitcoin will burn out in the low $40,000 range. He said the biggest price swings will occur in the months following the Bitcoin halving.
“The remainder of the period will then be three to six months of sideways and downward movement,” he predicts.
The second step is to choose a cryptocurrency portfolio. According to Crown, Bitcoin and Ethereum (ETH) are the safest and most tested cryptocurrencies and should be the backbone of a balanced cryptocurrency portfolio.
“We’ll probably do 70-80% Bitcoin, 10-15% Ethereum, and the rest can be gambled with altcoins,” Crown points out.
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