20% correction now what?

I thought everyone had expected a minimum of 20% dump in price of Bitcoin since January, the dump is here and people are what? scared? chickening out? Aye! The psychology of market dips, never gets old.

Me I’m just upset that as much as I tried to reserve some stables for buying dips, I still ran out before I could catch the best part, plus who knows if we’re still going lower now all I have to do is wait it out.

Besides that, guess who gobbled up the dip? Michael Saylor! buying up to the tune of 9,245 bitcoins in a swoop. That’s how to buy the dip, hope the ETF guys are learning….lol I wonder how many of them etf boomer buyer dads are worried and loosing their shit that their etf Bitcoin is loosing value, welcome aboard ser this is how we roll here.

Second stage of bullrun?

Many people are starting to say we are in the second stage of the bull market, because Bitcoin has reached all time highs and memes have also pumped so we should be wrapping up for the final stage.

Well, I’ll like to beg to differ. In my own opinion, we are in a bull market quite alright, but we are barely even in stage 1, if I’m going to set any stage, it will be anything after the halving which comes up next month, which tells me that if this is the last dip before the halving, then we should be buckling up for more crazy price action.

To me, this is the shakeout that will ensure sellers of this dip never get these prices again, but ofcourse I could be wrong, it takes more than gut or intuition to get things right in this market.

Historically,

Traditionally, Bitcoin has experienced significant rallies leading up to its halvings. Before the first halving in 2012, Bitcoin saw an impressive increase, surging from about $5 to $12.

Similarly, prior to the 2016 halving, the price jumped from around $230 in mid-2015 to approximately $660. The 2020 halving followed suit, with prices rallying from about $3,500 in early 2019 to around $8,000 by the time of the halving.

But Michael Saylor…..

What all of this tells me is that there’s still going to be a run up in prices before the halving, and I guess that will be the recovery to this present dump. But then again, I could be wrong.

Michael Saylor's recent acquisition spree is not just a bullish signal but a masterclass in conviction investing. While the ETF boomers might be wringing their hands, those who've weathered the crypto winter know that volatility is the price of admission for potentially outsized gains.

The notion that we're wrapping up the second stage of the bull market seems premature. With the halving on the horizon, I'm bracing for what could be an exhilarating ride. This so-called "last dip" might just be the gateway to uncharted territories in Bitcoin's valuation.

In conclusion

As we inch closer to the halving, let's not be swayed by the winds of short-term sentiment. Instead, let's anchor our strategies in a blend of historical insight, prudent risk management, and an unshakeable belief in the transformative potential of cryptocurrency.

I'd love to hear how you're preparing for the upcoming halving and your strategies for this bull market. Share your insights, fears, and triumphs in the comments below. Together, let's ride the waves of this bull market, armed with knowledge and courage.

What do you think about the direction the market is heading? Are we truly in the early stages of a bull run, or is there more to the story? Let's discuss.

Thanks for reading.

images were generated with ai

Posted Using InLeo Alpha