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Bitcoin reached its new ATH this week, surpassing the $112,000 level this time. U.S. exchange-traded funds(ETFs) are swelling from incoming capital, with more giants deciding to join the market.
📊 The situation in the cryptocurrency market is definitely not bad, and all we are missing to complete happiness is the altcoin season, i.e. the arrival of a period in which altcoins grow more than BTC.
However, this positive time will not last indefinitely, because due to the cyclical nature of digital gold, which is conditioned by its halving, among other things, at some point the bull market will come to an end, and the bears will once again take over market dominance.
🐻 What in such a situation?
Fortunately, we are able to adequately prepare for the arrival of a bear market.
The moment when demand for bitcoin and the top altcoins begins to fall can be identified by several factors:
A bull market in the simplest terms is a long-term downward trend in a given market.
In the crypto world, this even means drops of 60%, 70% and sometimes even 90%.
🧨 Importantly - a downturn doesn't come out of nowhere. It is usually preceded by a wave of euphoria, charts go to space 🚀, and everyone around is talking about a new ATH.
Based on what I mentioned at the beginning - is the end of the bullmarket imminent and should we get ready for another crypto-winter?
🔑 The key is to have a plan prepared for your own investment goals to protect you from losing the gains you made during the "good days."
🎧 I talk about all this in the latest episode of "Heard Under Bitcoin ATM " - if you want to learn how to survive the downturn and come out of it a stronger investor - you can't miss it!