Welcome back,
In today's blog we will talk about the crypto market and what to expect from it over the period of next one month. Before you read more this is not a financial advise so make sure to believe or not believe only on your own risk.
Bitcoin broke it's recent all time high and just went over $69255 according to coingecko, though on some exchanges it reached very close 70k dollars as well like on Mexc global we saw it at $69998.
We can see that there was a sudden dump soon after the ATH was broken and that was to create panic among the weak traders or you can say the new traders. The halving is on 20th on April if I am not wrong, we can expect it to happen near that date only.
Before the halving I believe that there will be a dump for sure, I am with the historical figures till now. The Memes were made looked strong recently and that is what happened in the last bull run as well but later we saw Alts going high giving us 20-30X as well.
New money is being printed often as well. The new money is yet to flow and that will actually make the market go higher and set a new all-time high record for global crypto market as well as other crypto tokens as well.
One more thing to notice is that bitcoin is only available on the exchanges now and there are no other ways to buy it so that will definitely take bitcoin higher. The over the counter buying that is from the firms are now not happening.
That is the global crypto market cap right now which is still 2/3rd of the old all time high. That means the new money as well as the existing money is yet to come in the market and that is why you still are not too late to enter the market.
If the historic dump of 25-30% comes then we will have a chance to get along and invest in the market for around one month that might even result into one of the highest gains of our life.
Those who are new and have not put any money in the market please don't panic and DCA with small amounts on every dip on your well researched coins. Some good projects are Matic, Hive, CLORE, ARB, and, Manta.
Thank you and happy trading everyone.
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