With the fourth bitcoin Halving just around the corner, Lady of crypto, market analyst and trader, has x.com/LadyofCrypto1/status/1779553067651956811″ target=”_blank” rel=”nofollow”>heavy on on statements relating to this bullish cycle.
The crypto analyst shared her thoughts after analyzing the recent market crash and the impending bitcoin halving this month. According to the expert, it has been speculated that since btc broke its all-time high early, the cryptocurrency may continue to make new gains.
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Lady of crypto has ignored claims that this bull cycle will begin early, saying she believes the community has been “lied to and suggesting widespread misinformation” and dismissing the current gains as signs of a widespread bull run.
As Halving approaches, the analyst noted that bitcoin and Altcoins have fallen severely, but this is not the time to panic. Drawing attention to the pre-halving declines of 2016 and 2020, he highlights that btc plunged 30% and 20% shortly before the event.
Meanwhile, during this pre-halving period, btc fell by over 17% and altcoins fell by 29%. Although the current drop was severe, Lady of crypto notes that it is in the range of a typical pre-halving drop and a black swan event.
She compares the COVID crisis, in which btc fell by 58% and altcoins by 68%, suggesting that the current decline pales in importance.
Lady of crypto clarified that bitcoin Spot Exchange Traded Funds (ETFs) have been a major factor in btc breaking its early peak, highlighting that the masses are not yet here.
The expert then points to the presence on social media and reveals that the masses are returning to the cryptocurrency market. “YouTube views and subscribers show interest in gradually returning, in line with the last cycle, as do new twitter followers,” he added.
This bull cycle is being reflected beyond the halving
Except for the early breakout of btc's all-time high, Lady of crypto believes this bull run is developing similarly to the last two, albeit with more volatility. However, the volatility suggests this will be the biggest bull market in history.
She warns underexposed investors that dips are the best opportunity to buy. btc during a lockdown. Meanwhile, if an investor is overexposed, holding the crypto asset has historically been the best course of action, drawing attention to the 2020 and 2021 dips.
Addressing fear and panic among investors, Lady of crypto warned that multiple situations could trigger panic selling during each bull run. Although these events seem terrible, as if the lockdown is coming to an end, they are nothing more than sideshows.
Featured image from Istock, chart from Tradingview.com
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