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Bitcoin's Trillion Dollar Market Cap and Upcoming

bitcoin CAP DOLLAR 2024-02-16 42

摘要:Nowapproachingthenexthalvingwhichisduearoundthe25thofApril2024Lookingattheprevioushalvingon11thMay2020,theretendstobeadropbeforethehalvingfollowedbyanaccumulationphaseinanticipationofthefullblownbullr...

Bitcoin has recently reached a historic milestone by hitting a $1 trillion market cap, and its current value hovering around $50k is a significant psychological benchmark. The next halving event is projected to occur around the 25th of April 2024. Observing the trend from the previous halving on 11th May 2020, there is typically a decrease in value before the halving, followed by a period of accumulation as investors await the onset of a full-fledged bull run.

The strategy for traders is to wait for the anticipated drop in value before the halving event, and then engage in accumulation or any other preferred investment approach. The goal is to hold onto assets until personal targets are reached, with some traders aiming for a minimum of $100k and a maximum of $220k during this particular bull cycle. The red box represents the accumulation phase, while the green box signifies the subsequent bull run. This market insight is designed to guide traders in maximizing their investment potential during this significant period for Bitcoin. #TradingTips"

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