Navigating the Final Phase of the Bitcoin Cycle and Maximizing Gains
Welcome to April, the month leading up to the highly anticipated Bitcoin halving scheduled for April 21st.[Click here to view the Halving Clock] In an impressive streak, Bitcoin has just closed its seventh consecutive month with gains against the dollar, marking the highest number of consecutive monthly gains since 2013. Furthermore, Bitcoin achieved its highest monthly close ever, surpassing the previous high of $61,135 by more than $10,000 at $71,191. With historical patterns in mind, we may have approximately 12 to 13 months remaining before BTC reaches its peak and the bull run comes to an end. This serves as a prime opportunity for you to leverage the momentum and secure your share of this coveted asset, renowned for its scarcity and resilience.
Market Observations
Bitcoin dominance has remained relatively stable between 53% and 54%, indicating the absence of a clear shift in either direction. As a result, the altcoin market has experienced some gains, but there is no definitive signal of capital flowing into this space. At present, Bitcoin remains the undisputed leader. While a few altcoins like SOL, Render, Link, Injective, and Near have demonstrated strength against BTC, the altcoin market as a whole still lags behind Bitcoin’s performance.
Navigating the Cycle and Maximizing Bitcoin Gains
The coming three months will play a crucial role in shaping the final stage of the Bitcoin cycle. If Bitcoin maintains its strength and dominance continues to rise, altcoins may struggle to gain traction. Although some altcoins may see gains in terms of USD value, they could lose value relative to Bitcoin. To navigate this phase effectively and maximize your Bitcoin gains, consider the following strategies:
Adjust your BTC purchasing strategy: If you typically make daily, weekly, or monthly BTC purchases, you may want to scale back or pause these purchases for now. Instead, preserve the capital to allocate to altcoins during the upcoming altcoin run. If your primary focus is accumulating Bitcoin, you can explore platforms like the Strike App or the Fold Card, which allow you to set up automatic daily, weekly, or monthly BTC buys.
Monitor BTC dominance: Keep a close eye on the BTC dominance chart. Should Bitcoin dominance drop below 49%, it may be a signal to start allocating to altcoins.
Focus on altcoins with strength against Bitcoin: If you are currently investing in altcoins, prioritize those that have demonstrated strength against Bitcoin. These coins are likely to hold up well even if Bitcoin dominance increases.
Continuously educate yourself: Dedicate just 10 or 15 minutes each day to learn more about Bitcoin and any other crypto projects that interest you. The more informed you become, the better investment decisions you can make. There is a wealth of knowledge available to you in the links below.
Remember the goal: Keep in mind that the ultimate objective is to increase your Bitcoin holdings. Bitcoin is a valuable asset that safeguards against fiat debasement. Investing in altcoins should be viewed as a means to enhance your Bitcoin stack.
Runes Coming to Bitcoin
Runes represent a new token standard on Bitcoin, enabling projects to launch on the Bitcoin network. Yes, decentralized finance, smart contracts, and AI are coming to Bitcoin. To delve deeper into the concept of Runes, I invite you to read our comprehensive article on the subject click here for link. According to a longstanding Bitcoin developer, several projects are expected to migrate from Ethereum and Solana to the Bitcoin chain, attracted by the new token standard’s enhanced security and Bitcoin’s established network. If this prediction holds true, Bitcoin could witness years of growth and adoption, effectively altering the traditional four-year market cycle.
Zeus Brings BTC/Solana Interoperability
The Zeus project aims to leverage the speed and low cost of the Solana blockchain to serve as a layer two solution for the Bitcoin network. Successful implementation of this project would enable inexpensive Bitcoin payments, similar to the lightning network but without centralization. Currently in the testnet phase, Zeus’s token release is anticipated within the next nine months. For more updates about Zeus, you can follow the project on Twitter @ZeusNetworkHQ.
Conclusion
This is an exhilarating time for Bitcoin and the crypto markets. Technological advancements continue to enhance the ecosystem, while adoption is steadily growing. Bitcoin represents freedom, acting as a gateway to a trustless decentralized and inclusive financial system. It safeguards property rights that no government can take away, as well as offering protection against fiat debasement. While the US dollar’s purchasing power has decreased by 25% over the past two years, Bitcoin has skyrocketed by 300%. Don’t be caught in the fiat world watching your wealth melt away like an ice cube on a hot summer’s day. Instead, safeguard and preserve your wealth with Bitcoin.
As always, it’s important to conduct your own research and this is not intended as financial advice.
Links & Tutorials
U.S. Regulated Exchanges (Fiat Onramps)
Stay Free,
Kury
Preview YouTube video Gemini Exchange Tutorial: Beginner Guide on How to Use Gemini to Buy Crypto
Gemini Exchange Tutorial: Beginner Guide on How to Use Gemini to Buy Crypto
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How to Setup XDEFI Wallet for THORSwap (Tutorial)
Preview YouTube video How to Use Solana Phantom Wallet (Stake SOL, Send, Receive, Swap)
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