From Nasdaq:

Bitcoin’s price has surged 120% compared to last year, with many predicting a prolonged bull market until 2025. Analysts believe the upcoming Bitcoin halving in April 2024 will trigger a price rally across the crypto ecosystem, historically supported by post-halving price action.

While bitcoin may reach new highs, market turbulence and corrections, common during bull markets, are expected. A potential “melt-up” scenario could lead to a major market correction if money market funds flow back into the market amid a regional banking crisis and election year uncertainties.

Investors are advised to consider dollar-cost averaging to navigate volatile market conditions. By making recurring fixed purchases of bitcoin, investors can establish positions at different price points, ensuring safety and flexibility during market fluctuations. Setting up automated purchases on a suitable crypto exchange is recommended.

As bitcoin’s value rises, it’s crucial to remain grounded and not let emotions drive investment decisions. History shows that profound bitcoin bull runs are typically followed by significant drawdowns, highlighting the importance of taking profits and maintaining a strategic approach to wealth-building. Capitalizing on bitcoin’s success requires a calm, calculated strategy to avoid falling victim to greed and emotional decision-making.



Read more at Nasdaq: Is a Bitcoin Bull Run Coming?