Missed Out on Crypto Bull Run? Here’s When to Buy The Dip
2024’s last four months were super bullish, pushing Bitcoin to as high as $108K. Meanwhile, this bullishness is persistent many investors might have missed out on the ongoing crypto bull run, believing it is too late to enter the crypto market. However, there is still an opportunity building, so let’s analyze when to buy the dip now.
Donald Trump’s Inauguration To Shift The Crypto Bull Run
Donald Trump’s 180-degree shift towards the crypto industry played a role in his win in the US elections. Interestingly, his win pushed the crypto market into the bull’s territory, making Trump’s win into Crypto’s win. However, his inauguration is bringing another major shift in the Bitcoin price, which is far different from investor’s expectations.
A crypto investor, Coiner-Yadox, predicted a massive Bitcoin price correction around Trump’s inauguration. The investor considered three main factors, claiming that people who opened long before the election will close their trades before Trump’s inauguration on January 20. More importantly, Microstrategy will have a blackout from January 1 and 27, putting a hold on Saylor’s BTC buying during this period.
I like this theory for several reasons :
I could see a strong close for $btc on dec
On January, rallying first to put the monthly high in the first daysThen you have confluence of 3 important things for a btc correction imo:
-mstr has a blackout probably around January… https://t.co/o90AcDhGwW
— Coiner-Yadox (@Yodaskk) December 18, 2024
Lastly, based on the January 2021 and 2024 charts, there is a bad seasonality between the 9th and 27th, in which BTC has low average returns. Above all, this will influence Bitcoin and the crypto bull run, building the ‘buy the dip’ opportunity, concluded the investor.
Altcoins To Take Over Crypto Bull Run Next
Although the investor foresees a major shift in the crypto bull run, that will be in altcoins’ favor, as they finally get to rise, bringing the altcoin season out. According to Coiner-Yadox, Bitcoin is having the time of a lifetime, which will end the year positively with new gains. More importantly, this will continue even at the beginning of January 2025, where it will set the peak for the month before BTC enters a 20-25% consolidation between January 9 and 27. At the same time, the altcoins will get consolidated but will be re-bought, allowing immediate recovery.
It also hints at the Ethereum price nearing the ATH of $4.8k in that period, as the investors claim that the Eth rally’s first rejection of ATH would lead to BTC’s corrections, giving way for the rest of the altcoins to pump hard.
When To Buy The Dip?
The FOMC meeting outcome might introduce a slight volatility in BTC and the crypto bull run. However, that is just a fluke before a massive rally at the year’s end and January’s beginning. Notably, the concerning point is the Bitcoin price crash in January mid, where a 20-25% correction might happen, building a perfect opportunity to ‘buy the dip’ before the price tops in March beginning. Moreover, the Coiner-Yadox prediction says March-April is to lead to good times for the investors.
The post Missed Out on Crypto Bull Run? Here’s When to Buy The Dip appeared first on CoinGape.
