Ok so this is a little down the road from here but assuming after the next halving and bitcoin goes into another bull run, when would be a good time to sell?i have already went through a couple of bull runs and bear markets but i didnt sell and take profits. I would like to sell before the next bear market to take profits this time.
So if bitcoin's cycles remain true, when roughly would be the start of the next bear market after the 2024 halving and bull run for a good time to sell. Can this be predicted somewhat? For all you TA guys when would be a good time to sell just to give me an idea? Thanks.
I think no one can give certain answer, because the cycles that Bitcoin price follows could change over the time. For example, in the first cycle, Bitcoin took 367 days after the halving to reach ATH, while in the second cycle, it took 527 days. However, the world's events heavily affect Bitcoin in the short term, but for the longer term, we have no doubt that the price will be much higher than now. In my opinion, Bitcoin will reach a new ATH in the summer of 2025.