Posted 12/4/2023, 5:01:30 PM
Bitcoin Price Cycles Tied to Halvings; $40k Target Before Next Bull Run
- Understand the Bitcoin market cycle theory - bull markets happen every 4 years after halvings when new BTC supply is cut
- Pick a balanced crypto portfolio with 70-80% BTC, 10-15% ETH, and 5-10% altcoins according to trader Eric Crown
- The biggest price moves will likely happen in the months following the next Bitcoin halving
- We are still in a pre-halving rally which will probably exhaust itself around $40k BTC
- Sideways and downside price moves are expected for 3-6 months before the next major bull market