How to prepare for the next crypto bull market: 5 easy steps
The next bull market could begin as early as next year, fueled by triggers such as the upcoming Bitcoin (BTC) halving and the approval of a Bitcoin exchange-traded fund in the United States.
In our new Cointelegraph report, we explain how to prepare for the next parabolic move in five simple steps.
First, it is important to understand the theory of the Bitcoin market cycle, which states that crypto bull markets occur every four years following the Bitcoin halving events, when the supply of new BTC is halved.
According to professional trader Eric Crown, we are still in the pre-halving rally, which will probably exhaust itself at the $40,000 low for Bitcoin. He said the biggest price movements could happen in the months after Bitcoin's halving.
“Then we'll spend the next three to six months playing back and forth,” he predicted.
As a second step, we need to choose our crypto portfolio. According to Crown, Bitcoin and Ether (ETH) are the most secure and battle-tested cryptos and should be the backbone of a balanced crypto portfolio.
“I can probably gamble 70%-80% Bitcoin, 10%-15% Ethereum and then the rest on altcoins,” Crown pointed out.
Watch the full video on our channel to learn about other steps to prepare for the next crypto bull market and don't forget to subscribe!
