What stage is the currency bull market at now? Can you still enter the market now?

The bull market in the currency circle is divided into three stages, the early, middle and late stages.

2023 is a typical early bull market, characterized by the daily line of Bitcoin reaching MA200. You can look at history. This event will occur one year before all halvings.

2024 is the fourth halving year for BTC. Coupled with multiple benefits such as BTC spot ETFs and interest rate cut cycles, the amount of funds will explode by an order of magnitude. At the same time, all the coins on the exchange have been put into wallets by holders, so the market will be in a state of currency shortage for a long time. Therefore, in summary, 2024 will be the main rise of this bull market, and there will be a wave of unilateral bull market.

The market will start to fluctuate in 2025. Referring to 2021, the risk of the late bull market is greater than the return. It is a process of slowly building a top, and at the same time, the fluctuations are huge.

To sum up, the price of BTC will be at a relatively low level before the halving in 2024. At the same time, don’t envy others’ prices of 10,000 to 20,000, because the level of risk at that time was completely different from now. As Jesse Livermore said, his favorite thing is to buy when a stock breaks out of its previous high because he can quickly make a 20 to 30 point profit with almost no risk.

Of course, real holders don’t care about short-term prices. Can you believe that the average cost of a large portion of BTC holders is around 300, which has recently risen to 70,000, making more than 230 times profit and remaining unchanged? The power of faith is unlimited. As long as one person thinks BTC is a scam, then this wealth transfer will not really end.

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