As at today, April 1 Btc grew by 1.96% hitting $28,571 in the last 24hrs.
we could be expecting the next bull run in the crypto market which will most likely be led by BTC to start in 2024 reaching it's highest in 2025.
one major element that can catalyse the next bull run, is the Bitcoin halving that triggers every 4 years. And as expected after every Bitcoin halving comes a Bull run in the crypto market.
So, from the look of things, don't you think that investing in Btc at the moment could be worth considering?
we could be expecting the next bull run in the crypto market which will most likely be led by BTC to start in 2024 reaching it's highest in 2025.
one major element that can catalyse the next bull run, is the Bitcoin halving that triggers every 4 years. And as expected after every Bitcoin halving comes a Bull run in the crypto market.
So, from the look of things, don't you think that investing in Btc at the moment could be worth considering?
For sure in buying cryptocurrency Bitcoin is always the best option to buy whatever the situation of the market, for sure there are some popular alternative coins in the market that has higher reward compared when you invest in Bitcoin, but if you're going to analyze the risk, Bitcoin is the safest investment that has almost guarantee reward when you invest on it. If you're going to consider the Bullrun for sure Bitcoin is going to probably triple its last all-time high, realistically we could easily see the 100k$ market price in the next Bullrun considering the adaptation of Bitcoin in the past months or years has really increased to the point where even banks are already supporting cryptocurrency and Bitcoin.
Also, most traders and investors will easily recommend you to Hold a huge percentage of Bitcoin in your portfolio because it is just the most guaranteed investment instead of investing in altcoins, which is high risk and high reward. Bitcoin should easily be 50% or high on your portfolio, or possibly buy some blue chips altcoins as well because on Bullrun it could easily be a huge profit.
Bitcoin continues its cautious course. The days of low volatility and low volumes continue and as long as this continues, we are watching a boring market. The level of liquidity needed by the market is quite low. The Greed and Fear Index is in neutral territory at 54 points. If your goal is to trade fast, this period is not for you but on the contrary if you are ready to hibernate and are thinking of converting your capital to Bitcoin this is the right time. Technically, if BTC continues its upward movement the first resistance level it will face will be around $29,400. If BTC holds above this level the $30k journey will begin. If the upward movement continues, i expect it to be permanent at $30k levels.
If BTC starts its downward movement, $28,800 is the first support level. If the decline continues follow the movements around $28k and watch around $28k in the downward movement. As I mentioned at the beginning, if your goal is to be permanent in the market and invest for the long term, now is the time to buy Bitcoin. This article is not investment advice and please use your own judgment when investing.