The Next Crypto Bull Market: What You Need to Know
The next bull market in the crypto industry could begin as early as next year, driven by factors such as the upcoming Bitcoin halving and the potential approval of a spot Bitcoin exchange-traded fund in the United States. Understanding the Bitcoin market cycle theory is crucial to grasping this concept. The theory states that crypto bull markets typically occur every four years following Bitcoin halving events, which reduce the supply of new BTC by half.
Professional trader Eric Crown believes that we are currently experiencing a pre-halving rally, which will likely peak at around $40,000 for Bitcoin. The most significant price movements, he predicts, will happen in the months following the Bitcoin halving. However, Crown also anticipates a period of sideways and downside movement lasting three to six months after this initial surge.
Choosing Your Crypto Portfolio
When building your crypto portfolio, it is essential to select your assets wisely. According to Crown, Bitcoin and Ether (ETH) should form the core of any balanced crypto portfolio. These cryptocurrencies are considered the safest and most battle-tested in the market. Crown recommends allocating approximately 70%–80% of your portfolio to Bitcoin, 10%–15% to Ethereum, and using the remaining portion for altcoin investments.
If you want to learn more about how to prepare for the next crypto bull market, watch our full video on our channel and be sure to subscribe!
Hot Take: The Future of Crypto Looks Promising
The next crypto bull market holds great potential for investors. With upcoming events like the Bitcoin halving and the possibility of a spot Bitcoin exchange-traded fund approval in the US, there are significant catalysts that could drive prices higher. Following the pattern of previous bull markets, we can expect the most significant price movements to occur in the months following the halving. However, it is crucial to choose your crypto portfolio wisely, with Bitcoin and Ether being the safest options. By understanding market cycles and making informed investment decisions, you can position yourself for success in the next crypto bull market.
Coinan Porter stands as a notable crypto analyst, accomplished researcher, and adept editor, carving a significant niche in the realm of cryptocurrency. As a skilled crypto analyst and researcher, Coinan’s insights delve deep into the intricacies of digital assets, resonating with a wide audience. His analytical prowess is complemented by his editorial finesse, allowing him to transform complex crypto information into digestible formats.