Mags, a technical analyst with a decade of expertise in Bitcoin, not too long ago shared what he describes as a easy technique for constant success within the Bitcoin market.
In line with the seasoned analyst, the important thing motion is to enter the Bitcoin market 500 days earlier than a halving cycle. This timeline supplies traders with an appropriate window to buy Bitcoin at decrease costs, because the market is anticipated to be at a backside by then.
Holding By means of the Storms and When to Promote
Mags’s second technique recommends holding onto the funding through the durations that comply with, with out getting shaken out. That is vital as a result of Bitcoin’s trajectory typically experiences volatility within the lead-up to a halving occasion. Basically, a shakeout would undermine the advantages of the sooner entry.
Thirdly, the analyst suggests promoting the Bitcoin acquired 500 days after the halving occasion has occurred. This means that the market will seemingly be overheated throughout this almost two-year window post-halving. Therefore, capitalizing on accrued good points at this stage often is the savvy transfer, getting ready traders for the following pre-halving shopping for technique.
Mags primarily based his thesis on Bitcoin’s historic tendencies, and he emphasizes that this sample is repeatable. He posted a chart illustrating how 500 days earlier than and after every halving cycle has confirmed to be an opportune window for coming into and exiting the market since 2015.
Bitcoin historic halving patterns
Making use of the Technique for this Current Cycle
Within the present cycle, the window to purchase Bitcoin 500 days earlier than the halving has elapsed. The main target now shifts to the times counting down for the Bitcoin post-halving sale. Particularly, 500 days from the fourth Bitcoin halving, which occurred on April 19, 2024, will land on September 1, 2025.
Mags initiatives that Bitcoin may attain a value of at the least $220,000 by this time. Notably, based on the chart, whereas Bitcoin’s market value 500 days after a halving might not be its highest worth for that cycle, it’s prone to be excessive sufficient to exit earlier than the onset of a bear market.
